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FAQ Economic Crime and Corporate Transparency Act 2023.jpg
04 Mar 2024
FAQs: Economic Crime and Corporate Transparency Act 2023

After the invasion of Ukraine, the UK Government took steps to address growing concerns of money laundering and other economic crime from Russian and foreign entities operating in the UK or with UK companies. This led to the introduction of the Economic Crime (Transparency and Enforcement) Act in March 2022.

FAQ, Private Tenancies Act (Northern Ireland) 2022.jpg
03 Jul 2023
FAQs: Private Tenancies Act (Northern Ireland) 2022

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.

FAQ The Charities Regulations 2023.jpg
23 Jun 2023
FAQs: Charities Act 2022

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.

FAQ Wales flag.jpg
30 Jan 2023
FAQs: Renting Homes (Wales) Act 2016

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.

Fire Safety (England) Regulations 2022.jpg
23 Jan 2023
FAQs: Fire Safety (England) Regulations 2022

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.

FAQ Electricity meters.jpg
14 Nov 2022
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.

FAQ Abacus.jpg
11 Oct 2022
FAQs: Client Accounting Service Providers

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.

FAQ Economy arrows going up.jpg
13 Jun 2022
FAQs: Economic Crime (Transparency and Enforcement) Act 2022

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.

FAQ Leasehold houses with wooden panelling.jpg
30 May 2022
FAQs: Leasehold Reform (Ground Rent) Act 2022

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.

FAQs Economic Crime Levy.jpg
04 Apr 2022
FAQs: Economic Crime Levy (UK)

The levy was announced at 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.

FAQ Homes for Ukraine.jpg
25 Mar 2022
FAQs: Homes for Ukraine

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.

A bearded man scratching his head
25 Mar 2022
Right to Rent FAQs

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.

FAQ Apartment building.jpg
05 Nov 2021
FAQs: Fire Safety Act 2021 (England and Wales)

The Fire Safety Order was introduced in October 2006 and covers the ongoing fire safety management of a building while occupied.

FAQ Mediation.jpg
02 Nov 2021
FAQs: Dispute Resolution

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.

FAQ Loft insulation.jpg
25 Oct 2021
FAQs: Heat and Buildings Strategy

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.

FAQ Calm sky.jpg
23 Sep 2021
FAQs: Debt Respite Scheme, Breathing Space

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.

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