Yorkshire Post - Property

Peppercorn rents for some leaseholds

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Parliament: A move to effectivel­y scrap ground rents by replacing them with peppercorn rents for most new residentia­l leaseholds in England and Wales passed its third reading in the House of Commons this week.

However, a key amendment that would have seen ground rents replaced by peppercorn payments for all existing properties, was defeated.

The amendment was tabled by Mike Amesbury, shadow minister for Housing, Communitie­s and Local Government, but the majority of MPs rejected the proposed changes. The bill will come into law after considerat­ion of amendments and royal assent.

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