Leasehold: Reform
(asked on 16th April 2024) - View Source
Question to the Ministry of Housing, Communities and Local Government:
To ask His Majesty's Government what assessment they have made of the extent to which overseas investors will benefit from an increase in the non-residential limit for collective enfranchisement under proposed leasehold reforms.
Answered by
Baroness Scott of Bybrook
Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)
An Impact Assessment for the Leasehold and Freehold Reform Bill was published on 11 December 2023 and is available on the Parliament website at: Leasehold and Freehold Reform Bill publications - Parliamentary Bills - UK Parliament. The Impact Assessment considers the non-monetised impact of increasing the non-residential for collective enfranchisement claims including the potential impact on freeholders, high streets, and businesses.