The historically low number of residential properties for sale is having an adverse impact on many estate agents, with the latest research by Propertymark revealing that an average estate agency branch now has an average of 29 buyers on average showing interest in any one property while stock dwindles. There is growing concern among many…
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Government Funding Further Protects Leaseholders from Misused Fire Safety Measures
Leaseholders will be further protected from rip off, misused fire safety measures thanks to new multi-million pound government funding to remove so-called Waking Watch patrols, it was announced. The £27 million funding will pay for the installation of fire alarm systems in buildings of all heights, rather than just being limited to those over 18 metres. It…
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Chancellor Confirms New Residential Property Developer Tax
Cladding Tax to Cost Britain’s Biggest Housebuilders £205m Per Year The cladding tax introduced in Wednesday’s Budget could cost the nation’s biggest housebuilders £205m a year. On Wednesday the Chancellor confirmed a new Residential Property Developer Tax will be introduced from April next year to ‘ensure that the largest developers make a fair contribution to…
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Court of Appeal clarifies meaning of ‘vacant possession’ in break clauses
A vacant possession obligation in a property lease break clause only required the tenant to return premises to the landlord free of people, chattels and legal interests, and was not concerned with the physical condition of the premises, the Court of Appeal has ruled. Overturning a decision of the High Court, the Court of Appeal…
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