Question: Hello, I need help with a real estate law question. I will attach the scenario below and my questions. Thank you ! Scenario: On 28th
Hello, I need help with a real estate law question. I will attach the scenario below and my questions. Thank you !
Scenario: On 28th February 2020 the Competition & Markets Authority (CMA) published an update report on its investigation into Leasehold Housing. In this report the CMA stated: "The consequences of ground rent obligations can be severe for homeowners...but the justifications for it given to us seem at best limited."
Q2. To what extent have the impacts of 'onerous' ground rents in existing leases been addressed through legislative and non-legislative means? Also, what other steps would you say are needed to deal with onerous ground rents in existing long residential leases?
This is all within UK jurisdiction. x
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