Despite mixed messages over the past few weeks, it sounds as if the Bank of England is considering taking UK base rate interest below 0% in order to give itself and the Chancellor more headroom for measures intended to restart the economy, and then keep it going, as we start slowly to come out of
Monthly Archives: May 2020
UK COVID-19: The Corporate Insolvency and Governance Bill – New tenant/debtor protections unveiled
Long awaited insolvency reforms in the UK, plus the government’s COVID-19 proposals on the use of statutory demands – and much more What’s the latest? As we reported on 24 April, the government announced curbs to landlords’ “aggressive” rent collection tactics of serving statutory demands and presenting winding-up petitions during the COVID-19 pandemic. The details
UK COVID-19: Back to the workplace – stay alert
Boris Johnson has now changed the focus from staying at home to staying alert. What does this mean for landlords who need to create a COVID-safe environment? How does this look in practice? And who pays? It will be a long time before the lockdown is fully lifted, but the government’s ambition is for some
UK COVID-19: Can the temporary stay on possession proceedings be lifted?
The Court of Appeal says (almost definitely) no We have previously blogged about the 90-day stay of all possession proceedings until the end of June, which was brought into force by the courts on 27 March 2020 by the new practice direction PD 51Z. Earlier this week, in the case of Arkin v Marshall, the Court
What is Duvalue of an absolute covenant in a lease?
On 6 May 2020, the Supreme Court handed down its judgment in the case of Duval v 11-13 Randolph Crescent Limited [2020] UKSC 18. The question considered by the court was whether a landlord of a block of flats could consent to a tenant carrying out works which would amount to a breach of covenant
UK COVID-19: Residential possession proceedings during lockdown- is the new practice direction too wide to work?
The UK government’s response to the COVID-19 outbreak has included various steps intended to relieve pressure on residential property tenants, whose livelihoods and income might have been seriously impacted by the current lockdown. Those steps have included the extension of statutory notice periods for landlords who want to terminate residential tenancies, and extra time being