Leasehold Reform Bill

<p>The Bill seeks to strengthen the rights of long leaseholders of residential premises. It tackles the charges that some long leaseholders of social landlords face as a result of major works being carried out to achieve the Government&rsquo;s decent homes target by 2010.</p><p><strong>Key areas</strong></p><ul><li>Increases the involvement of long leaseholders in decisions over major works to their homes</li><li>Limits the monthly charge that someone could be required to pay to their local authority landlord in respect of major works</li><li>Requires the Secretary of State to make regulations under which local authorities would be able to establish sinking funds to which long leaseholders would be required to make contributions</li><li>Requires the Secretary of State to make regulations concerning authorities&rsquo; powers/duties to buy back all or part of a long leaseholder&rsquo;s property on request. </li></ul><p> </p><p> </p>