The Leasehold and Freehold Reform Bill Beyond the Headlines: Significant adjustments in legal costs—IFA Magazine
Among a number of proposed amendments to the Leasehold and Freehold Reform Bill is a change to the landlord’s ability to recover costs when leaseholders enfranchise or extend their leases for flats and houses. In an article written for IFA Magazine, partner Shabnam Ali-Khan outlines the implications for practitioners in the event the reforms take effect.
She predicts that when acting for landlords law firms will seek to keep costs down as a result of the squeeze on landlord’s costs and, ultimately, landlords may seek out cheaper ‘one-stop-shops’ for legal advice. Each of these eventualities would have knock-on effects for practitioners, which she further explores in the article.
The new Bill has sparked controversy over potential human rights challenges concerning the proposed valuation reforms. There will no doubt be fierce challenges over the proposed squeeze on landlords’ costs. The pendulum is certainly moving in the leaseholders’ favour. But is this a move too far?”
The article is available online at IFA Magazine.
Shabnam Ali-Khan is in the property law and conveyancing team, specialising in lease extension and enfranchisement matters, primarily under the Leasehold Reform Housing and Urban Development Act 1993 working with a variety of clients ranging from high-net-worth individuals and companies to individual leaseholders and investor landlords.
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