A significant shift in property ownership law 
The Leasehold and Freehold Reform Act 2024 represents one of the most notable legal changes in property law in recent years. Designed to create greater transparency and fairness, especially for leasehold homeowners, the Act is already influencing buyer behaviour and market confidence in 2025. 

Key changes at a glance 
One of the most talked-about features is the extension of the standard lease term. The Act increases the minimum lease extension from 90 to 990 years. This move effectively removes the pressure to renew leases for most homeowners, reducing both legal complexity and future costs. 

The Act also caps ground rents to zero for all new residential leases. While similar in intent to earlier reforms, this version strengthens enforcement and closes previous loopholes. Buyers can now approach leasehold properties with more clarity and fewer concerns about escalating costs. 

Better rights and clearer information 
For those purchasing leasehold properties, the Act introduces new rules requiring freeholders to provide essential information more promptly and at a capped cost. This will help streamline the conveyancing process and improve transparency during sales. 

Importantly, leaseholders also gain greater access to redress schemes. This ensures they have formal avenues to challenge unreasonable charges or service issues, bringing more balance to the relationship between leaseholder and freeholder. 

What this means for the market 
Freehold homes have long been seen as simpler, but leasehold properties are now more attractive, particularly in urban areas where they are more common. With fewer restrictions, more predictable costs and longer terms, the market for flats and leasehold houses is likely to see renewed interest. 

A boost for confidence and clarity 
While legal reforms can often feel distant or complex, this Act has real-world impact. It levels the playing field, reduces uncertainty and makes the path to ownership more straightforward, especially for first-time buyers and those considering flats. 

Ask us how the new rules can affect you