Radical leasehold reform is on its way—but will it deliver, for whom, and how will the profession respond?
In this week’s NLJ, Shabnam Ali-Khan, partner at Russell-Cooke, reviews the contents of the Leasehold and Freehold Reform Bill, currently wending its way through Parliament.
Ali-Khan outlines the current state of the law, and sets out the key provisions of the Bill. These set out what costs the landlord can recover, and under what circumstances. She notes that law firms are likely to want to cut their outgoings for this work as a result of the Bill.
The author writes: ‘Proposing such stringent costs measures will have a huge impact on practitioners when acting for landlords. It is not unlikely that many law firms will opt to use artificial intelligence and junior lawyers when acting for landlords in an effort to keep costs down.’
