Assignment of Tenancy – can agents and landlords charge tenants?
Assignment of Tenancy is in the limelight with a recent First-Tier Tribunal decision that could have a serious impact on agents and private landlords.
House prices – are they on the rise?
House prices rose at their fastest rate since 2007 as the SDLT holiday ended. Is this an indication that they are on the rise? Read more.
Residential property developer tax legislation
A new tax may be payable to HM Treasury from 1 April 2022 by property developers on their residential property development profits. The final announcement is due at the Autumn 2021 Budget.
High-rise residential building safety requirements
High-rise residential building managers will be responsible for safety case requirements for residential buildings under the Building Safety Bill.
Housing Growth Partnership funding for developers
Housing Growth Partnership funding has been granted £300m by the Government to build 10,000 new homes by 2025!
SDLT holiday ends soon!
SDLT holiday ends soon and returns to previous thresholds of £125K for residential properties, £150K for non-residential land and properties.
Property boundary disputes – getting to the root of the problem
Property boundary disputes are increasing as householders spend more time at home and in their gardens due to the Covid-19 pandemic. It is fuelling a rise in boundary disputes as infrequent niggles have translated into nagging complaints, with overhanging branches, encroaching tree roots and towering hedges proving to be a major source of disagreement. But when it comes to overhanging branches, and fruit falling into a neighbour’s garden, there’s not always a clear-cut answer, even where it poses a health threat. Various protections may impact the right to trim back…
Leasehold property changes for new buyers
Change is in sight for buyers of new leasehold properties, with the passage through Parliament of a bill that will see the ending of ground rent, but it will not help existing leaseholders struggling with onerous terms. The Leasehold Reform (Ground Rent) Bill applies to new, qualifying long residential leases in England and Wales and was tabled in response to one of the Law Commission’s recommendations designed to overhaul residential property in England and Wales. The recommendations address unfair practices in the leasehold system, which has already seen a ban…
Rent forfeitures and Commercial Rent Arrears Recovery
Eviction protection extended for businesses most in need On the 16th June 2021, the Government announced its intention to further extend the Moratorium in relation to commercial evictions in light of the COVID-19 Pandemic. This will now run until March 2022. As far as Commercial Rent Arrears Recovery (CRAR) is concerned, only rent that is more than 554 days in arrears can be collected, this meaning that the rent arrears from March 2020 quarters onwards cannot be recovered as of yet. The Government is preparing a full release on the…
To rent or buy a commercial property – which is the best option?
Deciding to rent or buy premises if you are considering an office move or expansion can be difficult. There are several factors you should consider and making the right decision can be challenging. In this article, we look at the pros and cons of each to give you an idea of what you may wish to think about or discuss with your adviser. Potential investment opportunity Firstly, like with any property purchase, buying a commercial property could be seen as an investment. The property may increase in value, and when…