All articles tagged with #leasehold
Prince Andrew’s eviction from Royal Lodge ends any plan for Beatrice and Eugenie to inherit the lease, which was valued at about £30 million. With the lease terminating, the Crown Estate would take back the property, leaving the sisters without the long‑term security they expected and reportedly fuming over the loss of their retirement safety net.
Leasehold property owners in the UK, like Liz Winstanley and Anna, are facing challenges with poor communication, inadequate repairs, and unjustified service charges. The government is debating the Leasehold and Freehold (Reform) Bill to address these issues, aiming to provide greater transparency for service charges and make new leases a standard 990 years. However, campaigners argue that the proposed reforms don't go far enough and call for the complete abolition of the leasehold system in favor of commonhold, giving flat owners more control over their buildings.