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DLUHC to consider impact of current rules on jointly owned properties – London Wallet

Mark Helprin by Mark Helprin
March 22, 2024
in Real Estate
DLUHC to consider impact of current rules on jointly owned properties – London Wallet
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The government has launched a call for evidence to help it understand the impact of the leaseholder protections where a leasehold property is owned by two or more individuals.​

The Department for Levelling Up, Housing and Communities (DLUHC) has issued this ‘call for evidence’ description:

​​’Currently, the government is considering the impact of the leaseholder protections, as set out in the Building Safety Act 2022 (BSA), where a leasehold property is owned by two or more individuals. The BSA has now been in operation for nearly two years, and following feedback we have taken the opportunity to review the qualifying criteria for obtaining the protections in relation to whether properties are owned jointly by two or more individuals.

‘We believe there is a particular issue with how this impacts leasehold properties that are jointly owned. However, the department does not have any data on the number of leaseholders this issue is impacting. As part of the policy development, this call for evidence seeks to understand the scale of the issue, and to consider whether any changes could be proposed by the government. The department would therefore like to have evidence from both leaseholders and landlords on who may be affected if this policy is changed.​’

This call for evidence closes at 11:59pm on 5 April 2024

 




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