Sir Julian Lewis: I declare an interest as a leaseholder.
I congratulate my right hon. Friend on the progress he has made. If he does reform the freehold and leasehold systems, what provision will he make so that people with short leases are able to take over their freehold without having to pay huge charges for extending their lease, which is the current situation?
[The Secretary of State for Levelling Up, Housing and Communities (Michael Gove): My right hon. Friend makes an important point, and we need to make sure there is a fair valuation so that, as the Father of the House [Sir Peter Bottomley] rightly said, those on short-term leases do not have to pay over the odds to acquire freehold or commonhold status if the value of the property increases.]