@jcreedy @LKPleasehold @JohnAStephen in their manifesto, what they said is as I described above.
Lisa Nandy said on Sky News (23 May 2023) that Labour would ban leasehold but that this meant banning it on new builds, and reform commonhold for existing flats (rather than mandate it)
@jcreedy @LKPleasehold @JohnAStephen On Question Time on 27 April that year she had said the government *should* ban leasehold, and that the next government would do "something" about it
@jcreedy @LKPleasehold @JohnAStephen there is also a third broadcast piece I've never been able to find again where she's much more explicit about banning leasehold for "private" flats (i.e., retain it for social housing, council housing and shared ownership)
Lord Young's analogy between #leasehold enfranchisement and buying out minority shareholders is an apt one.
But of course it's just an analogy ... 1/n
In effect, the freeholder and the leaseholders have shares of two different classes, only one of which can vote ... 2/n
The effect of Right To Manage in the 2002 Commonhold & Leasehold Reform Act was, under the Young analogy, to split the freeholder's share two classes, including Management shares for voting on decisions about running the building, vested in the leaseholders ... 3/n