The Leasehold Reform (Ground Rent) Act 2022 makes it illegal to charge a ground rent on any new lease other than that of an actual peppercorn. Why would it allow such a tokenistic practice, rather than simply abolishing ground rents entirely? I don’t think this question as such is speculative or better placed on politics, because the answer may be found in explanatory notes or Hansard rather than the law itself and is thus in any event more likely to be known or found by users here than over there.
But furthermore even if it is not specified, I am not asking about why in the sense of what drove legislators to provide for this, as much as I am asking why in the sense of what legal effect it would have for a lease to be drafted to charge an actual peppercorn for ground rent as allowed in the Act rather than not charging any at all. What other provisions does that circumstance engage, that would make it actually worth including?