The Leasehold and Freehold Reform Act 2024 – Spring 2025 Update

Introduction

The Leasehold and Freehold Reform Bill, which B P Collins’ property team reviewed here, became the Leasehold and Freehold Reform Act 2024 (“LFRA 2024”) after receiving Royal Assent on 24 May 2024. Some of the intentions behind the Bill include to significantly improve the rights of long leaseholders of residential property, regulate estate management charges for freeholders and provide them with similar protections as leaseholders and also to regulate the enforcement and remedies relating to historic rentcharges. Although not yet fully in force, a number of the provisions have now been implemented.