Leasehold: Ground Rent

Department for Levelling Up, Housing and Communities written question – answered on 22nd November 2021.

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Photo of Theresa Villiers Theresa Villiers Conservative, Chipping Barnet

To ask the Secretary of State for Levelling Up, Housing and Communities, pursuant to the Answer of 26 October 2021 to Question 58318, what his Department's definition is of marriage value.

Photo of Eddie Hughes Eddie Hughes Parliamentary Under Secretary of State (Department for Levelling Up, Housing and Communities)

In January 2021, the Government announced a package of reforms on enfranchisement valuation. This included removing marriage value, which as set out in the Leasehold Reform, Housing and Urban Development Act 1993, is where leaseholders with less than 80 years should pay extra value when the landlord's and leaseholder's separate interests are 'married' into single ownership.

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