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Author : Property Team

RICS Professional Statement on Service Charges in Commercial Property

Property
on April 09, 2019
by Property Team
Commercial property agents who are members of the Royal Institute of Chartered Surveyors (RICS) or who are regulated by RICS (RICS’ Agents) will need to comply with the RICS Professional Statement ‘Service charges in commercial property (1st edition)’ (‘the Statement’) which came into force on 01 April 2019.The Statement replace ... Continue reading

Mandatory CMP Schemes for Letting Agents and Property Managers

Property
on April 09, 2019
by Property Team
The Client Money Protection Schemes for Property Agents (Requirement to Belong to a Scheme etc.) Regulations came into force on 01 April 2019.  Under these regulations, all private sector letting agents and property managers in England who hold client money are required to be members of a government approved Client Money Pr ... Continue reading

Updated 'Fitness for Human Habitation' Standard - Homes (Fitness for Human Habitation) Act 2018

Property
on March 08, 2019
by Property Team
The Homes (Fitness for Human Habitation) Act 2018 (‘the Act’) comes into force on 20 March 2019.The Act introduces a new implied covenant in tenancy agreements (whether written in the agreement or not) that social housing landlords, private residential landlords, and agents acting on their behalf, must ensure that the property i ... Continue reading

Brexit Notes: What will a No-Deal Brexit Mean for the Property and Real Estate Sector?

Property
on February 06, 2019
by Property Team
In answering this question, this post – the latest in our series of ‘no-deal’ Brexit Notes – will consider the impact of a no-deal departure from the EU on the legislative framework governing property ownership and transactions, as well as taking a brief look at the commercial impact on the property market.Impact on the Legislat ... Continue reading

Changes to SDLT Filing and Payment Time Limits

Property
on January 22, 2019
by Property Team
Stamp Duty Land Tax (“SDLT”) is a tax on land transactions payable on the purchase of land or property (including leases) over a certain price in England.The time limit for filing an SDLT return with HM Revenue and Customs (“HMRC”) and paying any tax due to HMRC is being reduced from 30 days to 14 days for those property transac ... Continue reading

HMO Reforms From 1 October 2018

Property
on September 21, 2018
by Property Team
New rules relating to houses in multiple occupation (HMOs) apply from 1 October 2018. The key reform is the extension of mandatory licensing of HMOs. There are also new provisions regarding minimum room sizes and the management of household waste. Criminal and civil penalties can be imposed for non-compliance.Extension of Mandat ... Continue reading

Reminder to Landlords and Agents - Section 21 Reforms Apply to All ASTs in England from 1 October 2018

Property
on September 21, 2018
by Property Team
On 1 October 2015 a prescribed form of Section 21 Notice was introduced for properties in England. Initially, use of the prescribed form was mandatory only for tenancies granted on or after 1 October 2015. From 1 October 2018, the prescribed form must be used to terminate all assured shorthold tenancies, regardless of when they ... Continue reading

Call for Evidence on Energy Performance Certificates

Property
on September 07, 2018
by Property Team
The government has published a Call for Evidence on Energy Performance Certificates for Buildings. Landlords, tenants and agents of both domestic and non-domestic properties are all encouraged to respond.The government foresees an expanding role for Energy Performance Certificates (EPCs) as part of its drive to reduce building e ... Continue reading

Longer Terms for Residential Tenancies?

Property
on August 10, 2018
by Property Team
Time is running out for landlords and agents to respond to the government’s consultation on its proposal to introduce a three-year minimum term for residential tenancy agreements in the private rented sector in England. The consultation closes on 26 August 2018.Responses are sought to 29 questions. They include questions about r ... Continue reading

April 2018 Legal Changes for Residential Landlords and Tenants

Property
on March 28, 2018
by Property Team
The Government is on a mission to drive up standards in the private rented housing sector. More new rules and regulations apply from April 2018 with the introduction of new Minimum Energy Efficiency Standards (MEES), Banning Orders and the Rogue Landlord Database.Minimum Energy Efficiency Standards (MEES) – England and WalesFrom ... Continue reading

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