Leasehold and Freehold Reform Act 2024: two-year ownership requirement removed with effect from 31 January 2025
On 23 January 2025, the Government enacted a principal provision of the Leasehold and Freehold Reform Act 2024 (LAFRA) and abolished the two-year ownership rule with effect from 31 January 2025. This is good news for leaseholders as they will no longer need to wait to have two years of…