Immobilier - Financement

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  •  
    30/05/2024
    England and Wales

    The Leasehold and Freehold Reform Act is here (just)

    Summary  The Government’s decision to call a snap election for 4 July caused immediate shockwaves throughout the country. A less obvious but, perhaps, more long-lasting consequence was that any outstanding Bills had to be passed before the dissolution of Parliament on 24 May.Faced with this sudden deadline, the Government had to decide which Bills to push through and which would be scrapped at the last moment. The Leasehold and Freehold Reform Bill, a cornerstone of the Government’s longstanding promise to improve home ownership for leaseholders, was one of the very last Bills...
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  •  
    21/05/2024
    England and Wales

    The Renters (Reform) Bill – Where are we now?

    The aim of the Renters (Reform) Bill was to strengthen tenants’ rights and protection in the private rented sector. At the same time, it was vital to ensure that the Bill recognises and safeguards private and institutional landlord’s interests since failing to do so could cause significant and widespread damage to the rental market. Since the Bill was first published a year ago, there has been ever-increasing criticism from renters claiming that it has been watered down to appease landlords and no longer lives up to its stated intention of creating a fairer private renters market.These...
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  •  
    17/05/2024
    England

    High Street Rental Auctions: the Government’s response

    Summary The Government has published its response following its consultation on the design of its High Street Rental Auction policy. This policy is designed to help local authorities combat the detrimental effects of long-term vacancies on the high street. This Law-Now highlights some key aspects of the Government’s response. The Government will over the coming months work with stakeholders to design and develop secondary legislation to give effect to the proposals. The Government anticipates that this legislation will come into force in mid-2024. Prior to then, the Government will release...
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  •  
    14/05/2024
    England and Wales

    Update on Business rates

    Summary  This Law-Now1 summarises some recent developments in relation to business rates following the Spring Budget 2024 and the Government’s summary of responses to the Business Rates Avoidance and Evasion consultation.Business Rates: Avoidance and Evasion – change to reset periodEmpty Property Relief (“EPR”) operates by giving owners of empty non-domestic properties 100% relief for the first three months (or six months for industrial properties) after a property becomes empty. If the property remains empty once such relief period ends, the owner must pay the property’s...
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  •  
    08/05/2024
    England and Wales

    The Leasehold and Freehold Reform Bill – the latest developments in the House of Lords

    SummaryFollowing publication of the Leasehold and Freehold Reform Bill (the “Bill”) on 27 November 2023, the Bill has been progressing through the legislative process and the latest iteration was published on 1 May 2024, showing the amendments made to date by the House of Lords following its Committee Stage which we consider further below.The Bill will still need to be subject to a third reading in the House of Lords before being passed back to the Commons to consider the amendments made, with both Houses needing to agree the final form before it achieves Royal Assent. Nevertheless,...
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  •  
    18/04/2024
    United Kingdom

    Transparency: ECCTA 2023 and Register of Overseas Entities update

    The Economic Crime and Corporate Transparency Act 2023 (ECCTA), which is aimed at tackling economic crime and preventing abuse of corporate structures in the UK, will not only fundamentally reform the administrative requirements for UK companies, limited liability partnerships and limited partnerships generally, but will also expand the requirements of the Register of Overseas Entities (ROE) regime for overseas entities holding or acquiring UK real estate.  The ROE is a register at Companies House which came into effect on 1 August 2022. Here are some FAQs providing information about...
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