We are delighted to hear of the changes to the Stamp Duty Land Tax thresholds following the government's recent budget announcement. It means that first time buyers buying properties worth up to £425,000 pay no stamp duty land tax, and the threshold at which stamp duty land tax is payable for those who have previously [...]
There is good news for Landlords who have been waiting to be able to take action against their commercial tenants. As of 26 March 2022, Landlords can now, once again, exercise their right of forfeiture. The process of forfeiture (re-entry) is the landlord’s right to determine the lease in the following instances: Where the tenant [...]
The Leasehold Reform (Ground Rent) Act 2022 received Royal Assent on 8 February 2022. When it comes into force, it will limit the ground rent payable on most new long residential leases in England and Wales. Certain types of leases are excepted from the ground rent restrictions in the 2022 Act: business leases, statutory lease [...]
The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 come into force on 1 June 2020. The new regulations require private sector landlords in England to undertake regular safety checks of electrical installations in their properties. Subject to some exclusions they apply to: New residential tenancies from 1 July 2020; and Existing [...]
