At last we have some clarity on the shape of the statutory arbitration scheme, which deals with the rent arrears – including service charges and interest – built up by businesses forced to close or restrict their activities during the
Continue Reading The Commercial Rent (Coronavirus) Bill: more uncertainty for landlords
The Chancellor of the Exchequer Rishi Sunak delivered the Autumn Budget for 2021 on 27 October 2021 and draft legislation was published on 4 November 2021 in the Finance Bill. The majority of the Budget announcement were focused on recovering
Continue Reading Autumn Budget 2021: Real estate focused updates
The Pandora Papers confirmed how attractive the UK, especially London and the South East, is for foreign property investors. This post considers what foreign investors need to know about transparency and land ownership in England and Wales and what is
Continue Reading The Pandora Papers: overseas investment set to become more transparent
The new month sees a partial re-instatement of the legislation permitting creditors to serve winding up petitions on companies. However, the UK Government has adopted a softly, softly approach; this is seen from the temporary increase in the amount that
Continue Reading Winding up petitions: a return to the old normal? Except for landlords
Landlords are increasingly frustrated with tenants who simply will not pay their rent and arrears. Whilst some tenants are genuinely suffering, there is a feeling that some are using Chancellor Sunak’s moratorium on forfeiture as a budget management tool.
The
Continue Reading What action can a Landlord take against defaulting Tenants?
As previously reported (“Commercial property evictions ban extended until 25 March 2022“), on 24 June 2021 the UK Government extended the moratorium on landlords evicting commercial tenants for non-payment of rent during the pandemic under s82 of the
Continue Reading UK Government issues policy statement on Commercial Rent Debts
The government has launched the Building Safety Bill, which sets out a new regulatory regime for high-rise residential and other in-scope buildings, based on Dame Judith Hackitt’s review, following the Grenfell tragedy. The Bill, which has had its first reading
Continue Reading Building Safety Bill set to shake up the building regulatory system
The Government has announced that new legislation will be introduced in this Parliamentary session to ring-fence outstanding commercial rent arrears built up by tenants due to the COVID-19 pandemic and to introduce measures to guide tenants and landlords to come
Continue Reading Commercial property evictions ban extended until 25 March 2022
The Government is consulting on the design of the new Residential Property Developer Tax, ahead of its inclusion in the 2021-22 Finance Bill. The tax is one of two revenue raising measures to help pay for the Government contribution to
Continue Reading Consultation on new Residential Property Developer Tax
Further to our update on the Government’s residential leasehold reforms, the Leasehold Reform (Ground Rent) Bill was introduced into the House of Lords on 12 May 2021. The bill seeks to fulfil one of the proposals set out in the
Continue Reading Leasehold Reform (Ground Rent) Bill published
