Herald - Issue 460

Page 74 • The HERALD • 11th July 2024 v READ THE HERALD ONLINE: www.herald-publishing.co.uk v ASK A PROFESSIONAL Call our Waterside Team For a free initial meeting on Wills, Probate or Powers of Attorney Jasper Vincent Solicitors Unit 1 Chevron Business Park Lime Kiln Lane Holbury Southampton SO45 2QL Tel: 023 8089 0919 e: waterside@jaspervincent.com www.jaspervincent.com Out of hours appointments are available on request LEASEHOLD AND FREEHOLD REFORM ACT 2024 Advice from Jasper Vincent Solicitors On 24th May 2024 the Leasehold and Freehold Reform Act 2024 received Royal Assent and became law. e Act includes new provisions for leasehold property owners and strengthens consumer rights. e key provisions include: - Allowing leaseholders to extend their leases by 990 years with their ground rent reduced to a nominal ‘peppercorn’ rent, thus removing the need for leaseholders to have to worry about extending their lease more than once. - e abolition of ‘the marriage value’ calculation which used to attach to lease premiums, signi cantly reducing the premiums for leases of less than 80 years. - Removal of the requirement for a new leasehold property owner to have owned the property for 2 years before they can request a lease extension meaning new leaseholders can act immediately. Due to the calling of the general election it may be that there is some secondary legislation required to implement some of the key provisions of the act or that a new parliament will pass further legislation so we will have to ‘watch this space’ to see what any new government will do. However, if you think that you could bene t from a review of your lease or you may want to request a lease extension then please contact us to talk to one of our Conveyancing specialists. Maritime Charity Partner Sought for 2024 Maritime UK Solent has launched its search for a new Charity Partner for 2024, so that, in some way, they can shine a spotlight raising awareness of the charity’s work through a yearlong relationship, bene tting from promotional and networking support. Solent-based maritime-related charities are invited to apply, or to be nominated, to become Maritime UK Solent’s Charity of the Year for 2024/25. Anne-Marie Mounti eld, Chair of Maritime UK Solent, said: “We are looking to partner with a maritimebased charity in the region to showcase their services and the impact they make in the community. It is an incredible opportunity for a local charity to celebrate their staff and volunteers, boost awareness in the local area and forge new connections. We are excited to be searching for a Charity Partner for 2024 and look forward to receiving applications from marine-based charities or people wishing to nominate one. If you would like the opportunity to be Maritime UK Solent’s Charity Partner, please apply as soon as possible. We have thoroughly enjoyed working with Portsmouth Sail Training Trust (PSTT) as our current Charity Partner, as they bring the world of maritime to some of the most disadvantaged young people in our region, showing them opportunities and experiences that they might never have had.” Ed Philips, Founder and Director of Portsmouth Sail Training Trust said: “We were absolutely thrilled to have been chosen to be Maritime UK Solent’s Charity Partner for 2023/24. It was a real honour for us and a fantastic opportunity to raise our profile during the year. Every year we work with 120 young people from across Portsmouth, enabling them to gain qualifications and develop skills which will have a positive impact on their lives and future careers. Our goal is that they will become confident and capable individuals who have the potential to work in the diverse maritime sector found right on their doorstep. As a charity partner, we have made new connections and built strong partnerships with the community and businesses. Together, we are helping young people raise their aspirations through maritime training.” PSTT Fundraising Manager Ruth Brady added: “It has been fantastic working with Maritime UK Solent over the past year as their Charity Partner. They have supported us with our mission to raise young peoples’ aspirations by championing our work through their networks and introducing us to a variety of maritime businesses within the Solent. This all culminated in an inspirational Careers Day which enabled over 40 young people from Portsmouth to interact with over 20 maritime businesses. PSTT is now developing partnerships with several of these organisations, such as Lockheed Martin and Portsmouth International Port, to enable young people to develop skills and gain experiences which will help them to pursue a career in the maritime industry. Thank you, Maritime UK Solent, for all your support.” The chosen charity will receive promotional support and will be invited to speak to guests at this year’s Maritime UK Solent Awards Ceremony, being held on 17th October at the Hilton Southampton Utilita Bowl. Ed Philips, Portsmouth Sail Training Trust founder (far right) with team members and young people that the Charity has supported