Clause 26 - Commencement

Part of Leasehold Reform (Ground Rent) Bill [Lords] – in a Public Bill Committee at 11:30 am on 9 December 2021.

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Photo of Nickie Aiken Nickie Aiken Conservative, Cities of London and Westminster 11:30, 9 December 2021

I have some sympathy with the amendment, but I absolutely hear what the Minister says about what he is trying to achieve. Many house builders we have heard from over the last few weeks have decided not to continue charging ground rent, because it is not a good idea. If I may be so bold, perhaps the retirement development industry might like to stop charging such exorbitant fees for ground rent, without the need for legislation.