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Cody Leibel is reported to be the youngest homeowner in the history of the Beverly Park, California celebrity compound.


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On offer, for FREE, is US Property News, US Property Forums, Blogs and a property for sale in the US marketplace. Use this page as your starting point to see the latest news, read the latest forum comments, view recent US property blog posts and browse the US Property marketplace. With three significant proposed changes in leasehold law, you must understand precisely what they are and how they can affect you.

Property investors need an in-depth analysis of these changes to know exactly how their finances will fare in the future. The government has announced some major changes in leasehold law to support the 4. It is some of the biggest reforms in English property law in the last forty years.

As a property developer or investor, you must precisely understand these changes and how they will affect your property portfolio.

The government has vowed to end complex leasehold costs. The first change is to remove ground rent costs for new leases.

This effectively abolishes the system, allowing leaseholders to buy a freehold at a cheaper cost. It also prevents escalating clauses in leases tied to the property s value, which often leads to ground rents doubling or more over time. Finally, for this first change, leaseholders will also be allowed to extend their lease how to get a loan with bad credit fast by a maximum of 990 years at zero ground rent. This is up from 90 years for flats and 50 years for houses. The second major change announced is that the marriage value when buying a freehold property will end. The marriage value applies to properties where the lease has less than 80 years to run and is charged on the basis that holding the leasehold and freehold together is payday loan company more valuable. So how does this impact you as a property developer or investor?