Real Estate - Finance

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Recent Articles

  •  
    11/02/2025
    England and Wales

    Navigating new horizons: The impact of the Leasehold and Freehold Reform Act 2024 on mixed-use premises and the right to manage

    Summary  All mixed-use premises where the non-residential element does not exceed 50% will, from 3 March 2025, be susceptible to claims from long residential leaseholders for the right to manage the premises, following the ongoing implementation of the Leasehold and Freehold Reform Act 2024 (“LFRA 2024”).As well as an increase in buildings in the scope of the right to manage, landlords will be unable to recover their legal costs in most cases when assessing or resisting a right to manage claim.DetailLFRA 2024 was given Royal Assent on 24 May 2024, having been rushed through the...
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  •  
    06/01/2025
    United Kingdom

    Identifying the correct operator for terminating Electronic Communication Code agreements

    SummaryLandowners need to carefully consider which is the relevant operator for the purposes of terminating agreements relating to electronic communications apparatus under the Electronic Communications Code (Code). In a decision applicable to Code wayleaves and licences entered into before 28 December 2017, the Upper Tribunal has held that, even if such an agreement has been assigned by the original operator party to another party, the original party may remain the relevant operator for the purposes of termination under part 5 of the Code, where it retains primary responsibility for performing...
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  •  
    19/12/2024
    Scotland

    Moveable Transactions - save the date: 1st April 2025

    Just in time for Christmas, three gifts of statutory instruments to implement the Moveable Transactions (Scotland) Act 2023 (the “Act”) have been made and laid before the Scottish Parliament. We can now look forward with certainty to the long-awaited reform of the law on taking security over moveable property in Scotland.This briefing provides an update on these SSIs and proposals for early 2025.
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  •  
    06/12/2024
    England and Wales

    Energy performance of buildings consultation launched

    Summary  On 4 December 2024 the Government launched a consultation on reforms to the energy performance of buildings regime. The topics covered include improving the applicability, quality and data usage of energy performance certificates in domestic and non-domestic buildings, refining requirements for energy performance certificates and display energy certificates, and updating the metrics of energy performance certificates. This is an opportunity for the property industry to give its views on reform of the legislative position on the energy performance of buildings. The period for responding...
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  •  
    03/12/2024
    England

    High street rental auctions - non-statutory guidance published

    SummaryFollowing the coming into force of the legislation for high street rental auctions on 2 December 2024, the Government has now published its non-statutory guidance on the operation of this new regime. Property owners will be interested to see the detail of and approach to high street rental auctions, which may have an adverse impact on their control of vacant commercial premises on the high street.Detailed guidance on high street rental auctions[1]In our Law-Now Compulsory powers to take control of empty high street properties we commented on the new regulations for high street rental auctions...
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  •  
    14/11/2024
    England

    Compulsory powers to take control of empty high street premises

    Summary High street rental auctions of vacant high street premises have been trailed for a long time and were originally proposed by the previous Conservative Government. On 11 November 2024 the Labour Government laid before Parliament the regulations for High street rental auctions (HSRAs): The Local Authorities (Rental Auctions) (England) and Town and Country Planning (General Permitted Development) (Amendment) Regulations 2024. They come into force on 2 December 2024 and apply to England only. HSRAs will allow local authorities to tackle persistently vacant premises in city, town and...
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