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Auctions to help solve problem of vacant commercial properties
Regulations come into force on 2 December 2024 which will allow local authorities in England to auction off the leases of persistently empty high street shops. The UK Government states that the scheme will breathe life back into town centres and drive local growth and opportunities. Propertymark welcomes the move, but we would like to see more detail on which areas will benefit the most, how the powers will be funded, and how they will be used in practice by councils.
Propertymark supports members as leasehold regulations come into force
From 31 October 2024, Part 5 of the Building Safety Act 2022 will be updated to clarify landlords’ responsibilities for remediation, to make remediation orders more effective, and to provide more detail about who can be required to contribute to the cost of remediation works. The UK Government is committed to enacting the legislation and has indicated that work to formulate further regulations is in progress.
Fact sheet: Renters’ Rights Bill
The Bill was published on 11 September 2024 with the aim of changing the law about rented homes in England. The legislation will abolish fixed term assured tenancies and assured short hold tenancies, whilst delivering on the Labour Party’s manifesto commitment to transform the experience of private renting—including by ending Section 21 ‘no fault’ evictions.
FAQs: Renters’ Rights Bill
The Bill aims to reform rental laws in England. It includes protections for tenants against unfair rent increases, clearer grounds for eviction, and the introduction of a landlords’ ombudsman service. The Bill also addresses rental discrimination, the right to keep pets, and enforces the Decent Homes Standard.