Right to Buy scheme – how does it work?
The Right to Buy scheme might be a good option to help you become a homeowner. Find out what you need to know about the scheme in our latest guide.
Leasehold Reform (Ground Rent) Act 2022
Leasehold Reform has now gained Royal Assent, but it is not yet fully operational. When it is, the amount of ground rent that can be paid under a new long residential lease will equate to a peppercorn per year, thereby making it zero, as promised. What does that mean?
Storm damage to commercial properties – who is responsible?
If your rented commercial property has been damaged in a flood or storm, find out what your landlord must do when it comes to repairs.
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.
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…
Property evictions to resume
Property evictions are to resume but residential tenants will continue to be assisted during the Covid-19 restrictions with longer notice periods remaining in place until at least October 2021. This was announced by The Housing Minister, Christopher Pincher, on the 12th of May. During the initial lockdown in 2020, the Government reformatted the notice periods for residential tenancies, affording tenants extra protection during the pandemic. As part of these temporary changes, a Section 21 Notice (which normally provides a tenant a 2-month notice to vacate a property) was extended to…
Future-proofing rent suspension clauses
The fallout of the Covid-19 pandemic has meant that landlords and tenants must consider future-proofing rent suspension clauses. Following the initial lockdown in March 2020 and subsequent disruption for many businesses, commercial landlords and tenants now must face a reality that a balance has to be struck when negotiating new leases to allow future-proofing to account for events like those imposed by the pandemic. Ideally, each side would want to achieve maximum protection for themselves, but a balance probably lies somewhere in the middle. A recent case involved a commercial…