Keep track of the Leasehold and Freehold Reform Bill’s progress and find out when it could be potentially passed into law.
The Leasehold and Freehold Reform Bill was first introduced in November 2023, so there’s a significant journey ahead before it potentially becomes law, if it does at all.
Similar to the Renters (Reform) Bill, this Bill has the potential to bring about various changes for property owners. While it’s crucial to keep an eye on new regulations, there’s no need for concern, as both bills still have a lengthy process ahead and could be scrapped at any point.
Take a look at our timeline below to track how the Leasehold and Freehold Reform Bill is moving through parliament and figure out when it might be implemented in England and Wales.
Keep abreast of the ever-changing rental landscape and take a proactive role in managing your rentals.
Find Out More- 27 November 2023 (completed)
First Reading
The Leasehold and Freehold Reform Bill was introduced in the House of Commons. During this stage, the bill’s title and main objectives were presented, but there was no debate.
- 11 December 2023 (completed)
Second Reading
MPs in the House of Commons debated the general principles and objectives of the Leasehold and Freehold Reform Bill. A motion was held at the end of the debate to determine whether the bill should proceed to the next stage.
- 16 January 2024 (completed)
Committee Stage
The Committee Stage kicked off on 16 January featuring verbal testimonies from a wide selection of witnesses, including the National Leasehold Campaign, the Leasehold Knowledge Partnership, and legal experts, among others.
Following this, the Committee initiated a line-by-line analysis of both the original text and proposed amendments brought forth by the government and opposition parties. - 27 February 2024 (completed)
Report Stage
After the committee stage, the Bill returns to the full House of Commons for further consideration, where MPs can suggest additional amendments or changes. The third reading is then expected to immediately follow the report stage.
- 28 February (ongoing)
House of Lords
The Bill goes through similar stages in the House of Lords: first reading, second reading, committee stage, report stage, and third reading.
The first reading took place on 28th February, and the second reading a month later, on 27th March. Once the Houses of Commons and Lords have agreed on the final version, the Bill can receive Royal Assent. - Summer 2024(estimated)
Royal Assent
Once both the House of Commons and the House of Lords agree on the final version of the Leasehold and Freehold Reform Bill, it’s sent to the reigning monarch, i.e., King Charles, for royal assent.
Royal assent is a ceremonial step, and approval is granted as a matter of constitutional convention. - Before 28 January 2025
The general election
As the upcoming general election approaches, there’s a chance that the progress of the Leasehold and Freehold Reform Bill might be temporarily paused.
If things go smoothly, the Bill could receive Royal Assent before the general election, assuming there are no delays similar to those of the Renters (Reform) Bill.
Since the Leasehold and Freehold Reform Bill is in the early stages of its legislative process, there’s the possibility of it being rejected or undergoing substantial changes.
Remaining informed and flexible in the constantly evolving property landscape is essential for all parties involved, whether you’re a property owner or a tenant.
This article was last updated on March 28, 2024.
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