Click here to read the full article: Draft Commonhold and Leasehold bill receives mixed response from practitioners | Estates Gazette
Scott’s comments have been reproduced below with kind permission.
Scott Goldstein, property litigation partner at Payne Hicks Beach, said there was concern that the cap might “interfere with investments in freeholds built up by pension funds over many years, which are there to benefit millions”.
He said that while the government has said landlords will be protected by the courts under the new lease enforcement regime, existing court delays mean this offers “little reassurance” in practice.
Click here to read more:
Industry divided over £250 ground rent cap as reforms spark investor concerns | Property Reporter
For further information, please contact Scott Goldstein, Partner in the Litigation, Arbitration & Dispute Resolution department, or alternatively, telephone 02074654300.
