If you wanted to identify a group of people morally entitled to financial compensation by the British state, then people trapped (in various ways) by leasehold and cladding post Grenfell would be near the front of the queue.
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It seems so bizarre to me- by law in Ireland the freehold of such blocks must be owned by a not for profit owners’ management company in which all the flat owners are shareholders. Even before the 2011 legislation it was standard conveyancing practice, de facto compulsory or banks wouldn’t lend.
Also since 1978 ground rents other than apartments can’t be created and house owners are entitled to buy out their ground rent for a specified multiplier of the rent. Part of driving force behind that was undoubtedly that many ground rent portfolios were owned by the old Anglo Irish aristocracy
We have lots of other problems (including big bills for apartment defects) but we came up with solutions for these conveyancing ones. Since we share so much property law with England&Wales it could be worth reformers there checking to see if we’ve implemented any solutions here
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