Petition Leasehold Reforms Must Apply To Shared Ownership. We want Commonhold.
We are treated as an ordinary 100% leaseholder when it comes to shouldering the burden of 100% maintainance fees, service charges, lease extension premiums without the financial stake or legal backing. Shared Ownership is sold as Affordable Housing but it is not and desperately needs legal reform
*Unregulated Service charges
*Unaffordable Admin fees,Valuers fees for Lease Extensions, Selling & Staircasing
*Unfairly priced Leasehold extensions where H/As are allowed to charge 100% extension premium regardless of % owned
*Staircasing and Selling is costly, complicated and difficult. Staircasing is not encouraged.
*Landlords should contribute toward Essential Maintainance since they own a financial stake
*Rent is dead money & unfairly reviewed yearly at RPI (not a true form of inflation)
At 10,000 signatures...
At 10,000 signatures, government will respond to this petition
At 100,000 signatures...
At 100,000 signatures, this petition will be considered for debate in Parliament