Property Development

The Renters Reform Bill

Background: The introduction of the Renter’s Reform Bill (“The Bill”) has been discussed for some time. It was initially part of the Tory Party manifesto prior to the 2019 election, and in December 2019 it was mentioned in the Queen’s Speech that The Bill would be introduced resulting in changing the nature of assured shorthold

Property Development

Overage Clauses

Overage clauses and clawback provisions are designed to achieve full value in relation to land being sold where a subsequent purchaser achieves additional value in the land at a later time. Overage clauses are typically introduced where the property is expected to be redeveloped or planning permission will be granted at a later date, entitling

Property Development

THE LEASEHOLD REFORM (GROUND RENT) ACT 2022

An Overview: On 30 June 2022, the Leasehold Reform (Ground Rent) Act 2022 (“the LRGRA 2022”) was introduced as part of the Government’s proposed reform of the leasehold property system following increased publicity about ground rent increases. Leasehold property is a type of property ownership which gives the leaseholder the right to own the property