A25: Leasehold Reform (Grount Rent) Act 2022
The Standards have been written to apply to residential long leasehold properties
(a lease of a term in excess of 21 years when originally granted) in England and Wales
where a service charge, which varies according to expenditure, is payable.
They represent the core of good practice for managing agents. We believe they are
achievable by any well-run company. The applicable (if any) Standards related to this
Guidance Note are stated below.