What is the aim of leasehold reform?

The aim of leasehold reform is fundamentally centered around improving leaseholder rights and making the overall leasing process fairer and more transparent. This includes measures designed to reduce excessive ground rents, which can become a financial burden for leaseholders. By implementing reforms, the goal is to empower leaseholders, ensuring they have more control and security in their living situations.

In addition, leasehold reform seeks to address historic imbalances that often favor freeholders over leaseholders, providing opportunities for leaseholders to have a voice in the management of their properties. This is crucial for fostering a more equitable housing environment, which is a central tenet of leasehold reform. It is about creating a system that serves the interests of those who reside in the properties rather than focusing solely on profit.

The other options do not align with the primary goals of leasehold reform. For instance, extending lease terms automatically does not directly address the rights and financial pressures faced by leaseholders. Creating properties only for financial gain contradicts the ethos of reform aimed at enhancing fairness and access. Lastly, limiting access to communal spaces is contrary to the reform’s objective of improving leaseholder experiences and rights. These alternatives highlight misunderstandings of the core objectives driving leasehold reform initiatives.