Ending the Assured Shorthold Tenancy (“AST”) Trap for Leaseholders – The Renters’ Rights Act 2025
What was the “AST Trap”? The Housing Act 1988 (the “Act”) originally provided that a tenancy could “accidentally” qualify as an Assured Shorthold Tenancy (“AST”) if: Ground Rent exceeded £250 per year (or £1,000 in Greater London); and The property let was a dwelling (meaning the property was the owners only property or was their […]
Major Leasehold Law Changes: No More 2-Year Wait for Lease Extensions & Freehold Purchase
Recent changes to leasehold law in the UK have introduced significant reforms that will greatly benefit leaseholders. From 31 January 2025, leaseholders will no longer be required to wait two years from the date of purchasing their property before they can serve notice to extend their lease or purchase the freehold. The introduction of the […]