Is the ground rents ban retroactive?
No, the ground rents ban is not retroactive. It does not impact ground rents already being charged under existing leases. The Leasehold Reform (Ground Rent) Act 2022 banned ground rents for residential apartments with effect on June 30, 2022, except for retirement housing leases, which were applied from April 1, 2023.
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Is the ground rents ban retroactive?
No, the ground rents ban is not retroactive. It does not impact ground rents already being charged under existing leases. The Leasehold Reform (Ground Rent) Act 2022 banned ground rents for residential apartments with effect on June 30, 2022, except for retirement housing leases, which were applied from April 1, 2023.
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Meet our Expert Property Commentators