Leasehold Reform (Ground Rent) Bill [HL] — Report — Amendment 27 — 20 Jul 2021 at 16:45
Moved by Baroness Pinnock
27: After Clause 18, insert the following new Clause-“Review of the financial impact of the Act(1) Within 6 months of the day on which this Act is passed the Secretary of State must carry out a review of the financial impact of this Act on leaseholders.(2) The review must make a recommendation as to whether further legislation should be introduced to extend the ban on ground rents to existing long leases.(3) The recommendation in subsection (2) must take into account the potential financial impact of an extension of the ban on ground rents on those leaseholders and tenants who have been charged for the cost of fire remediation work.”Member’s explanatory statementThis amendment would require a review of the financial impact of this Act and make a recommendation as to whether a further extension of the ground rents ban could benefit existing leaseholders, especially those facing bills for fire remediation work.
Ayes 245, Noes 256.
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