Robert Barham writes for Property Week on ground rents
Residential Property Partner, Robert Barham, has authored an article for Property Week on the abolition of new ground rents.
From 30 June 2022, it will no longer be possible for landlords to reserve ground rents in long residential leases.
Robert explains that while the abolition of ground rents should result in higher prices for properties, in reality this will likely not be the case given that the market never priced ground rents in when assessing the value of new-build properties.
However, he does pose the question on what the change will mean for developments where some units are sold with ground rents reserved and others, yet to be sold, will have no ground rents.
The full article can be read here.
For further information on the topic, please contact our Residential Property team.