The government should ensure the new requirement to hold a reserve fund applies to new and existing leaseholders, as well as commonhold blocks, to ensure parity between the duties placed on blocks of different tenures. Whilst we recognise that this new requirement may increase day-to-day charges for some homeowners, it will prevent financial hardship and distress caused by large, unexpected bills; share long-term costs more fairly between successive flat owners; and support the ongoing stewardship of blocks. (Recommendation, Paragraph 147)