ARCO has published radical new proposals for the future of home ownership in the Integrated Retirement Community sector.
At a time of heightened debate on the future of leasehold, their proposals for ‘Leasehold Plus’ represent a bold, but practical, vision for further enhancing consumer protection.
The Leasehold Plus model would:
- Extend the reach of consumer protection so that – uniquely in the UK property sector - every sale of a unit in an Integrated Retirement Community scheme is subject to full protection under consumer law
- Improve dispute resolution mechanisms, including extending the remit of Ombudsmen
- Include flexibility to tailor leases, enabling them to be kept up to date and respond to changing customer preferences.