‘The current leasehold system is outdated, unbalanced and broken and we are determined to fix it’. These are the ominous words of Leasehold Minister, Lord Stephen Greenhalgh, who earlier this year expressed a view shared by many leaseholders  in England and Wales. 2022 opened up with the Department for Levelling Up Housing and Communities (DLUHC)

What is a long lease and what is a short lease? For leasehold owners of flats (as well as houses), simply put, a residential long lease is a lease that runs for a duration of more than 21 years when it was originally granted. Although, most flat owners will have residential leases that run for