Posted 2/26/2024, 12:00:20 AM
Leasehold Reform Criticized as Insufficient to Protect Tenants from Exploitation
- Leasehold system allows freeholders to charge unfair fees and tenants have little recourse
- Government reform bills aim to increase transparency but don't go far enough per critics
- Leaseholders face poor communication, inadequate repairs, and uncontrolled service charges
- Campaigners call for abolition of leasehold, which exists almost nowhere else globally
- Reform leaves leaseholders feeling exploited without control; commonhold could empower