CMA launches investigation into leasehold residential market

CMA | June 12, 2019

The Competition and Markets Authority (CMA) has formally launched an investigation to find out whether people are being treated fairly when buying their home. This follows ongoing concerns about the fairness, clarity and presentation of some leasehold contract terms, which could lead to people being stung by costly fees over a long period or having to abide by onerous terms. The CMA’s consumer protection law investigation will examine two key areas, potential mis-selling and potential unfair terms. It will look at whether people who have bought a leasehold property are given the information they need to fully understand the obligations they are taking on, for example the requirement to pay ground rent over a certain period of time, or whether they have an accurate understanding of their ability to buy their freehold.

Spotlight

Property will be sold with adjacent property, 2730 S Federal Blvd. Both properties have 2 bedroom, 2 bath homes with large just over acre- lots, which are currently leased. Zoned as S-MU-3, you can build up to three stories.

Spotlight

Property will be sold with adjacent property, 2730 S Federal Blvd. Both properties have 2 bedroom, 2 bath homes with large just over acre- lots, which are currently leased. Zoned as S-MU-3, you can build up to three stories.

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