Leasehold Reforms Become Law Without Cap on Ground Rent

The Leasehold and Freehold Reform Bill was among those that cleared Parliament ahead of dissolution amid a warning that the reforms are ’suboptimal.’

For Sale boards stand outside homes in Didsbury in Manchester, England, on Aug. 2, 2016. Christopher Furlong/Getty Images

Reforms to leasehold in England and Wales became law on Friday, but a promise to cap ground rents has been dropped.

The Leasehold and Freehold Reform Bill was one of the bills that were rushed through Parliament before it shuts down for the general election on July 4.