Sections 1-6 of the Private Tenancies Act (Northern Ireland) 2022 were enacted on 1 April 2023. This FAQ document provides answers to the most common questions that we have received from Propertymark members.
The Charities (Dispositions of Land: Designated Advisers and Reports) Regulations 2023 remove restrictions on who can sell land for charitable organisations. The change required secondary legislation to expand who qualified as a designated adviser.
From 1 December 2022, existing tenancy agreements are automatically converted to either a fixed term or periodic standard occupation contract. Propertymark has liaised with the Welsh Government in response to concerns and questions from members.
Following the implementation of the Fire Safety Act 2021, additional measures have been passed for England that introduces new responsibilities under the Fire Safety Order and expand upon the Regulatory Reform (Fire Safety) Order 2005.
FAQs: Non-domestic private rented property: minimum energy efficiency standards for commercial property
Since 1 April 2018 all new tenancies of non-domestic (commercial), properties must reach the minimum Energy Performance Certificate (EPC) standard of E or above. The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 make clear that as of 1 April 2023, the regulations will apply to all tenancies, including existing and ongoing tenancies.
Letting agents who manage properties which yield an income of 10,000 Euros or more a month (or equivalent amount in each Member State) have to comply with anti-money laundering regulations. Despite how the Regulations specifically only affect a small portion of properties, many banks refused to allow letting agents to open new pooled client accounts.
This Act is part of a series of proposed powers to combat illicit finance and reduce economic crime. While the Act is necessary to impose sanctions as part of a wider set of actions the UK has taken against Russia, measures set out in the Act aim to tackle economic crime from all overseas entities.
The Leasehold Reform (Ground Rent) Act 2022 restricts ground rents on newly created long residential leases for single dwellings such as a flat or house to a token one peppercorn per year, effectively restricting ground rents to zero financial value.
The levy was announced in the Budget 2020 and the Economic Crime (Anti-Money Laundering) Levy Regulations 2022 were published on 11 March 2022. The Regulations came into force on 1 April 2022.
On 14 March 2022, the UK Government announced that UK individuals, charities, community groups and businesses can record their interest in supporting Ukrainians fleeing the war through the UK Government’s new Homes for Ukraine scheme.
We have worked with the Home Office and UK Border Agency to answer the questions that are widely asked by landlords and letting agents regarding Right to Rent.
The Fire Safety Order was introduced in October 2006 and covers the ongoing fire safety management of a building while occupied.
Sometimes parties that are involved in conflict need help to arrive at a resolution. Dispute resolution encompasses a range of activities including lettings agents’ early dispute prevention measures, a variety of alternative dispute resolution (ADR) interventions, and legal action through court proceedings.
The Heat and Buildings Strategy sets out the UK Government’s plan to reduce greenhouse gas emissions to Net Zero by 2050. Learn more about the scheme and the implications for estate, letting and commercial agents.
The scheme provides a temporary period of respite from creditor (e.g. landlord/letting agent) action to help people in problem debt (e.g. tenant) consider their options and engage with professional debt advice. The Scheme came into force on 4 May 2021, but qualifying debts can include any that the debtor had before the legislation started.
The First Homes Scheme enables a first-time buyer purchasing their only home to take advantage of at least a thirty percent discount on the property’s market value. Buyers must purchase properties with at least a 50 per cent mortgage.