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.


The new legislation is the first step in the government reform package that aims to create a fairer housing system and levelling up opportunities for more people.

Covering Topics

  • Overview
  • Introduction
  • What is Ground Rent?
  • What is a Peppercorn ground rent?
  • Which leases does the Act apply to?
  • Are there any exceptions?
  • What action can an enforcement authority take against a landlord?

This article is for Company members only

Become a member today to access exclusive insight from The Property Institute.

Become a Member today

Becoming a member of The Property Institute opens doors for your personal development and your career.
A man looking happy with his arms crossed on a balcony surrounded by skyrises