As the Leasehold Reform Act 2024 inches closer to full implementation, leaseholders and property professionals face increasing uncertainty.

With the full rollout still some time away, many are wondering: What now?

Well, don’t worry—we’ve got you covered. In this episode of Listen Without Prejudice, Mark Chick, Senior Partner at Bishop & Sewell, and Chris Macartney, Head of the Landlord and Tenant Team, sit down to chat about the upcoming changes.

Whether you're a leaseholder, landlord, or property professional, this conversation has all the insights you need to understand how the upcoming reforms will affect you.

As experts in this field, Mark and Chris share their best advice on navigating the interim period before the reform act takes full effect.

From the removal of marriage value and capped ground rents to the new leasehold enfranchisement calculations, they break down the key changes that could reshape how you approach property.

They also dive into the practicalities, such as tackling lease extensions, addressing ground rent issues, and understanding valuation shifts.

So, if you’re looking for a clear roadmap through this transition (and a bit of reassurance along the way), tune in for practical tips and plenty of insights to help you make informed decisions about your property.

Chapter Markers:

[1:42] Understanding the Leasehold Reform Act 2024 and collective rights

[5:58] Exploring the history of leasehold reform in the UK, tracing key legislative milestones from the 1967 Act to the recent 2024 Act

[9:33] Discussing the Leasehold Reform (Ground Rent) Act 2022

[12:59] Unpacking the challenges in leasehold advice

[14:27] Discussing recent legislative changes in leasehold reform, precisely ground rent changes

[18:40] Addressing key amendments in the reform and their impact

[21:10] Overview of key changes in the valuation process for leasehold properties

[28:43] Exploring the practical implications of reforms and the expected timeline

[32:53] Navigating the interim before the leasehold reform takes effect

Useful Links:

Leasehold Reform Act 2024

Mark Chick LinkedIn

Chris Macartney LinkedIn