New leasehold rules are set to become law after the final legislative amendments were agreed in the House of Lords on Monday.
The introduction of the Leasehold Reform (Ground Rent) Bill will lead to "fairer, more transparent homeownership for thousands of future leaseholders", according to a minister.
The new legislation will restrict ground rents on most newly-created long residential leases in England and Wales to a token one peppercorn per year, effectively restricting them to zero financial value.
After amendments made in the House of Commons passed the Lords without an opposition vote, the proposals are now set to go for royal assent.
Read more on manchestereveningnews.co.uk