News & Analysis as of

United Kingdom Rental Property

Jones Day

Shock and Law: UK Government's Surprise Proposal to Ban Upward-Only Rent Reviews

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For years, upward-only rent reviews have been a cornerstone of the UK commercial property market, offering landlords and investors a reassuring degree of income security and predictability....more

Jones Day

Bridging the Gap: Supply Shortfalls and Soaring Demand in the UK Build-to-Rent Sector

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The UK faces a significant housing crisis due to an acute shortage of homes caused by high capital costs, increasing construction and development expenses, regulatory and political uncertainty, and persistent delays in the...more

Hogan Lovells

UK Building Safety Levy coming into force in Autumn 2026

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Key takeaways The Building Safety Levy will come into effect in Autumn 2026. The Building Safety Act 2022 gave the government the power to impose a building safety levy on new residential buildings requiring certain building...more

Hogan Lovells

UK Real Estate Horizon Scanner Spring 2025

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The new UK government has made plenty of promises in terms of reform, a rental revolution and a planning shake-up. So what is coming down the line in terms of new legislation over the next few months and which are the crucial...more

Hogan Lovells

The politics of housing: Changes to UK residential property law - beware the law of unintended consequences

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The last government made significant changes to leasehold including banning new leasehold houses through the Leasehold and Freehold Reform Act 2024. The current government has indicated it will go even further through the...more

BCLP

Briefcase 2024 Quarter 4: Key Real Estate Cases and Updates

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Case 1: AP Wireless II (UK) Ltd v On Tower UK Ltd - In a landmark judgment, the Upper Tribunal considers the lease/licence distinction, clarifying exclusive possession, term certain and contractual interpretation in the...more

BCLP

The High Street is Feeling the Love… Or Is It?

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It’s “Love your High Street Week”! So, what better way to start the week than to consider two significant legal reforms announced by the government last week, that are intended to boost and revitalise the High Street...more

Jones Day

The UK Renters' Rights Bill 2024: What You Need to Know

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The Renters' Rights Bill 2024 proposes to introduce important changes to the UK rental market affecting both the build-to-rent and purpose-built student accommodation ("PBSA") sectors alike....more

Hogan Lovells

UK Residential Assured Shorthold Tenancy evictions: how to stay on the right side of the law

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The announcement of the upcoming Renters’ Rights Bill has left many landlords keen to bring assured shorthold tenancies (ASTs) to an end before the changes become law. Reports have emerged of some landlords, perhaps in too...more

Hogan Lovells

The Renters Rights Bill – What’s new?

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The previous government put forward a huge agenda for leasehold reform. While they managed to pass the Leasehold and Freehold Reform Act 2024 before parliament was dissolved – which introduced a ban on new leasehold houses...more

BCLP

Renters' Rights Bill

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On 17 July 2024, the King announced a new Renters’ Rights Bill (“RRB”) to be introduced “to give greater rights and protections to people renting their homes...” The RRB has not yet been published however the background...more

Morrison & Foerster LLP

Quarterly Cartel Catch-Up: 2024 Mid-Year Global Review

At the mid-year point, 2024 is shaping up to be an eventful year in cartel enforcement. In the United States, the U.S. Department of Justice (DOJ)’s Antitrust Division (Division) enjoyed two significant victories and finally...more

Hogan Lovells

Landlord Certificates under the Building Safety Act: ignore at your peril!

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The Upper Tribunal (Lands Chamber) has recently given its judgment in Lehner v Lant Street Management Company Limited, absolving a tenant from paying service charge due to defects in the service charge demand....more

Hogan Lovells

UK landlord and tenant: what does the upcoming election mean for leasehold reform?

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As Rishi Sunak was deluged with rain announcing a general election on 4 July, those in the property world were wondering what this means for the flood of leasehold reform going through parliament. Here’s what you need to...more

Hogan Lovells

Building Safety Act: Remediation Order imposed on pension fund landlord

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Michael Gove, the Secretary of State for Levelling Up, Housing and Communities, has secured a remediation order requiring a pension fund landlord to carry out fire safety remediation works totalling £15 million under Section...more

McGuireWoods LLP

Key Takeaways From the 2024 Bisnow UK Office Series: The Renaissance Conference

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On 21 March 2024, McGuireWoods London partner Callum Hassall moderated the third session of Bisnow’s UK Office Series: The Renaissance event, which focused on London’s office leasing landscape....more

BCLP

Spring Budget 2024

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It has been a busy Budget for the real estate sector today, particularly for the residential sector.  The big announcement was the proposal to abolish SDLT’s multiple dwellings relief (“MDR”).  This came as a surprise and for...more

Hogan Lovells

UK Landlord and Tenant Act 1954: Law Commission report delayed

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The Law Commission’s review of the Landlord and Tenant Act 1954 was announced in Spring 2023, with a consultation paper – setting out the existing law, the problems with it, and possible solutions -  anticipated by December...more

Hogan Lovells

Deposits for property options: UK High Court gives a timely reminder

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In IAA Vehicle Services Limited v HBC Limited, the High Court concluded that a deposit under the Standard Conditions of Sale fell due as soon as an option to purchase a freehold property was exercised, but that time was not...more

Hogan Lovells

Going, going, gone! UK High Street Rental Auctions introduced

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The Levelling Up and Regeneration Act 2023 (LURA), which introduced the concept of high street rental auctions, received Royal Assent on 26 October 2023. Part 10 of LURA allows local authorities to carry out mandatory...more

Hogan Lovells

UK: The Leasehold and Freehold Reform Bill – the “effective destruction of the leasehold system”?

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The Freehold and Leasehold Reform Bill passed its second reading in Parliament on 11 December, and was described by Michael Gove – the Secretary of State for Housing, Communities and Levelling-Up - as the “effective...more

BCLP

Longer Leases, Lower Ground Rents and Leasehold Liberation: Residential Reforms in the King’s Speech Explained

BCLP on

The King’s speech announced a new Leasehold and Freehold Reform Bill ‘to reform the housing market by making it cheaper and easier for leaseholders to purchase their freehold and tackling the exploitation of millions of...more

Hogan Lovells

UK Landlord and Tenant Act 1954 - Opposing the grant of a new lease for tenant breaches: too little, too late?

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The Court of Appeal’s recent judgment in Gill v Lees News Ltd brought new clarity on when a landlord can successfully oppose the grant of a new lease under the Landlord and Tenant Act 1954 on the “tenant fault” grounds - in...more

Hogan Lovells

UK Renters Reform Bill: delayed subject to court reforms

Hogan Lovells on

In our last update in May, when the Renters Reform Bill was finally placed before parliament, we flagged the proposed changes - perhaps most significantly, the abolition of “no fault” or Section 21 evictions. While Bill...more

Morrison & Foerster LLP

On the REIT Track

UK real estate investment trusts (UK REITs) benefit from certain tax exemptions that have the effect of putting their shareholders in a tax position broadly equivalent to that of a direct investor in UK real estate. Those...more

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