As a leaseholder, I've experienced the undue strain of owning a property with ground rent that exceeds £250 per annum. Many of us, pinched in this similar situation, are walking on a knife's edge: the harsh reality is that three months of ground rent arrears can lead to automatic repossession of our homes under Ground 8 of the Housing Act 1988. This unjust quirk in legislation leaves us powerless, faced with the grim prospect of eviction. This is unfair to leaseholders whom have invested

Our landlords, holding no equity or emotional investment in these properties, seem to be exploiting these laws for personal gain. A loophole permitting ground rents to increase beyond the bounds of the retail price index at renewal augments our financial strain. Leases are turning from agreements into traps, turning homeownership into a game of survival.

Potential eviction is not the only concern. If your ground rent exceeds £250 (£1000 in London), you may also face various other legal hurdles and financial burdens. The unfairness of these practices undermines the stability and security that homeownership is supposed to provide.

Therefore, we urge for a robust legislative change: a law to cap ground rents at £250 annually (or £1000 in London), ensuring no leaseholder is vulnerable to the draconian clause of property repossession. Additionally, we appeal for the law to guarantee that increases in ground rents at renewal cannot surpass the retail price index.

It is time to balance the scales between leaseholders and landlords, to add fairness to our property law. If you believe in a future where every homeowner can enjoy their homes without constant fear, sign this petition. Together, we can bring about a change that protects our homes and our rights.