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Category Archives: Real Estate News

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Time’s almost up for residential letting fees

Seven months on from its publication in November 2017, the draft Bill to ban residential letting fees has undergone the Committee Stage of pre-legislative scrutiny without amendment and now heads back to Parliament for its Report Stage. As the Bill looks increasingly likely to become law, we take stock of the Bill’s aims and review

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The Road to Zero – What does it mean for you?

What is it? On 9 July 2018 the Government published its Road to Zero strategy. This sets out how the Government plans to lead the world in zero vehicle emissions. It follows the Government’s Air Quality Plan which prohibits the sale of new petrol and diesel cars from 2040. This means that electric vehicles are

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10 things you need to know about MEES and residential property

The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 (“MEES Regulations“) introduced the Minimum Energy Efficiency Standards (“MEES“), which aim to encourage landlords to improve the energy efficiency of buildings via a restriction on granting new tenancies and continuing existing tenancies where the property has a sub-standard EPC rating. Below are 10 key

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Assets of Community Value – a NIMBY lifeline?

Objectors are always looking for new, low cost ways to stop or delay the offending development. Lobbying for town and village green designations used to achieve this, but as the effectiveness of that route has been hampered by changes in the law NIMBYs have been offered a lifeline in the form of Assets of Community

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Overcoming the barriers to longer tenancies in the private rented sector

Since the introduction of assured shorthold tenancies under the Landlord and Tenant Act 1988, tenancies of 12 months have become the norm. The Ministry of Housing, Communities & Local Government has just launched a consultation on “Overcoming the Barriers to Longer Tenancies in the Private Rented Sector”, asking whether measures that would encourage or compel

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Right to rent legal challenge

A challenge to the government’s right to rent measures began yesterday (6 June) when permission was granted to the Joint Council for the Welfare of Immigrants (JCWI), a charity, to proceed with a judicial review challenge. A full hearing will follow. The basis of the challenge is that the checks cause discrimination on grounds of

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Whose shoes? What subrogation means and why it matters

Subrogation is a well-known principle of insurance law, which also affects real estate. It means that an insurer who has settled a claim may then “step into the shoes” of the insured and try to recover what it has paid from anyone who has contributed towards, or caused, the loss. In real estate, landlords’ insurers

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It’s just not cricket (but it is Blockchain)

Last week, the property press ran the tantalising story that parcels of Lord’s cricket ground were up for sale by New Commonwealth, an enterprise which describes itself as a “new property-owning democracy” that provides “access to prize assets for the man on the street, not just the landed elite”. Of course, part of Lord’s is

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Directors disqualified for breach of competition law

For only the second time in its history, the Competition and Markets Authority (CMA) has secured the disqualification of directors whose companies have infringed competition law. In May 2017, the CMA concluded its investigation into the conduct of six residential estate agents operating in the Burnham-on-Sea area. The CMA found that the estate agents had

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New Lease Code for Old

The professional statement, “Code for leasing business premises”, published by the Royal Institution of Chartered Surveyors (RICS) incorporates the proposal for a new lease code. The consultation period in relation to this proposal ends on 12 April 2018. Following the consultation period, the RICS intends for the revised Code to replace the existing Code for

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Update: public register of beneficial ownership of UK property by overseas entities

What’s new? The government has published its response to the April 2017 call for evidence on proposals for a register showing who owns and controls overseas entities that own UK property or participate in UK government procurement. The regime would catch any legal owner of registered land which is “overseas” and therefore would include commonly

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Why did commonhold fail? The Law Commission issues call for evidence asking for the industry’s views

The Law Commission has issued a call for evidence on commonhold law to understand why commonhold as a form of ownership has proved to be so unattractive to the property market. This aligns with the government’s announcement in December 2017 to look at whether and how it can reinvigorate commonhold law, following the widely publicised

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BHS Company Voluntary Arrangement – Landlords Win on Penalties

Collapsed retailer British Home Stores cannot challenge its own company voluntary arrangement as an unenforceable contractual penalty and must repay rental discounts to its landlords, the High Court in England and Wales decided yesterday. The case, in which Hogan Lovells represented the successful landlord, provides important guidance on the operation of company voluntary arrangements (CVAs),

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Flexible Permissions: Change can do you good

Do you have an asset that’s proving difficult to let?  Would you just like to maximise marketability?  A “flexible” or “dual-use” planning permission might be able to help. A flexible planning permission allows occupiers to switch between specified planning uses without the need for multiple planning permissions. The right to switch lasts for ten years

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Law Commission gears up for driverless cars

Just before Christmas, the Law Commission announced plans to develop laws to support the safe development and use of driverless cars in the UK.  The aim is to develop legislation which may be ready as early as 2021. The Law Commission is an independent law reform watchdog for England and Wales and this review is

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When will register of beneficial ownership by overseas companies be introduced?

The government has confirmed to parliament its timetable for the introduction of a public register of beneficial ownership of UK property by overseas entities. This follows on from the government’s consultation in April 2017 on establishing such a register which we blogged on last year (see here). In December 2017, the government confirmed that it

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New Year, New CIL Regs to save £millions

The New Year has started off with a bang as changes to the Community Infrastructure Levy (CIL) Regulations 2010 were laid before Parliament.  The draft 2018 Regulations correct an unintended defect in the current legislation.  The error had resulted in millions of pounds of extra CIL being charged, even where no extra floorspace or change

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No blues for the Blues on rights to light

There was much fanfare when Chelsea Football Club secured planning permission for redevelopment of Stamford Bridge last year.  However, one family’s fight against the new stadium’s impact on its right to light had the potential to bring the redevelopment to a standstill.  Hogan Lovells’ Planning and Development specialists, Hannah Quarterman and Paul Tonkin consider the

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Government consults on abolition of the “staircase tax”

Business occupiers (and particularly small business owners) welcomed the announcement in the Autumn 2017 Budget that the government is putting an end to the so-called “staircase tax”. The “staircase tax” acquired its name from the 2015 Supreme Court decision on assessment of business rates in Woolway (VO) v Mazars, which held that a tenant who

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Government to ban leasehold houses and set ground rents at zero

Following the consultation in summer 2017 on ground rents and leasehold houses (read our blog here) the government has published its response (read it in full here) with the following headline proposals: A ban on granting new residential long leases of houses, other than in exceptional circumstances This currently only affects new leases, but the government will consult on

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DREAMING OF RETIREMENT …

That’s what we were doing at Property Week’s Retirement Living Conference. As one of the most untapped sectors in real estate we were amazed to hear about the potential for a retirement living explosion. There were approximately 11.8 million people over the age of 65 in the UK in 2016, and this is set to

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Technology in the Property Industry

Hogan Lovells hosted the Reading Real Estate Foundation Breakfast Forum (RREF*) on 17 November 2017.  This year’s topic was: Technology in the Property Industry and provided digital food for thought from three key areas. David Sleath (CEO of SEGRO) described the ways in which technology has changed the warehousing sector.  This includes how warehouse design