The Government has launched a consultation to implement Part 4 of the Leasehold and Freehold Reform Act 2024.
The consultation proposed a number of measures, including:
- the introduction of new standardised service charge documentation;
- enhanced transparency for building insurance policies;
- rebalancing the litigation costs regime and removing barriers for leaseholders to challenge their landlord, which includes requiring landlords to obtain court or tribunal approval before recovering such costs from leaseholders;
- making reserve funds mandatory;
- reforming the section 20 major works consultation process to better prevent unexpected, high bills;
- requiring managing agents to obtain mandatory professional qualifications.
The consultation closes on 26 September 2025.
For more information, contact our team