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GENERAL
The following discussion should be read in conjunction with our consolidated
financial statements and notes thereto appearing elsewhere in this Form 10-K.
We are engaged in the ownership and. | May 2, 2023
changes to try to make the system fairer, including ending ground rent for new leaseholders. but it plans to go much further. the housing secretary michael gove has said he wants to abolish leasehold entirely. he s looking at something called common hold as an alternative where occupants jointly own and take responsibility for their building. this government knows there s a generation facing complex housing problems. the question is whether it has the political will and the time to sort some of them out. sheelagh hopes so. she loves the leasehold flat she bought in leeds to rent out, but says it s a constant battle to ensure the building it s in is being properly maintained. i shouldn t be having to use a disproportionate amount of my time doing this level of paperwork and to get people to do a job that i m paying them a management fee to carry out. the property managers here say the safety of their leaseholders is their utmost priority,
i m going to have to wait for these works to be completed before i can even consider selling, basically. so i have no idea how long i m going to be stuck in this flat for now. it s having a massive, massive toll mentally and financially on me. i feel absolutely exhausted. i feel like. . .the last few years of my life have just been completely overshadowed by this. the government has already made changes to try to make the system fairer, including ending ground rent for new leaseholders. but it plans to go much further. the housing secretary michael gove has said he wants to abolish leasehold entirely. he s looking at something called common hold as an alternative where occupants jointly own and take responsibility for their building. this government knows there s a generation facing complex housing problems. the question is whether it has the political will and the time to sort some of them out. sheelagh hopes so.