Government to end leasehold flat system with new commonhold plans
Source: BBC
BBCLeaseholders and some renters currently pay a service chargeMinisters have outlined plans to abolish the leasehold system in England and Wales.Proposals to change the law would ban the sale of new leasehold flats.Under the leasehold system, third-party landlords known as freeholders own the building and a leaseholder buys the right to occupy a flat within it for a fixed time period. The government said it…
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