| Short Title: | Leasehold Reform (Ground Rent) Act 2022 |
| Type: | Act |
| Parliament: | Parliament of the United Kingdom |
| Long Title: | An Act to make provision about the rent payable under long leases of dwellings; and for connected purposes. |
| Year: | 2021 |
| Citation: | 2022 c. 1 |
| Introduced Commons: | Michael Gove, Secretary of State for Levelling Up, Housing and Communities |
| Territorial Extent: | England and Wales |
| Royal Assent: | 8 February 2022 |
| Commencement: | 1 April 2023 |
| Status: | current |
| Original Text: | http://www.legislation.gov.uk/ukpga/2022/1/enacted |
| Use New Uk-Leg: | yes |
The Leasehold Reform (Ground Rent) Act 2022 (c. 1) is an act of the Parliament of the United Kingdom. It defined the peppercorn rent as a price of one peppercorn per year and prohibited ground rent greater than that price on new leases.[1] [2]
Rising ground rents had prevented purchasers of leasehold properties in England from selling their homes since lenders refused to approve mortgages.[2] This act is a part of the UK government's programme to reform the leasehold system.[3]