As part of its commitment to reform the leasehold system, the government has announced an industry pledge to “crack down on toxic leasehold deals”. More than 40 developers have already signed up to the initiative, along with a number of managing agents.
But what does the industry pledge on leasehold deals mean in practice?
James Duncan, head of alternative real estate investments at law firm Winckworth Sherwood, discusses the implications for the industry – particularly in relation to ground rents – and what we can expect to see next as part of the evolving leasehold picture.
