The government have now enacted provisions to prevent forfeiture claims being brought against businesses as a result of the crisis. From the 26 March 2020 to 30 June 2020 (the “relevant period”), a landlord’s right of re-entry or forfeiture arising from non-payment of...
On 18th March 2020, the Government issued a press release stating that emergency legislation would be introduced to “suspend new evictions from social or private rented accommodation while this national emergency is taking place” and “no new possession proceedings...
Following the Competition and Markets Authority (“CMA”) investigation into the leasehold market in June last year (read the blog here), the CMA has found that around 100,000 families in the UK have been misled regarding costs of ground rent, the cost of converting...
The drop in the value of the pound has made the acquisition of UK businesses more attractive for foreign buyers. Recent M&A activity was noted in various sectors, from entertainment to property as seen in the £3.3bn takeover of Entertainment One by the US toymaker...
In April this year, the government set out its plans to abolish tenants’ evictions where there is no reason for eviction, which is currently possible under section 21 of the Housing Act 1988. Under the new proposals the tenants would benefit from more stability as...
UK’s competition authority will investigate whether some leasehold buyers have been charged exorbitant fees upon the purchase of their property. The Competition and Markets Authority (CMA) will also examine whether the buyers have been given misleading information and...
