April 2021 #386 – Law Journals

Budget 2021: What’s in it for real estate?

Stuart Tym, Claire Petricca-Riding and Paul Henson consider the Chancellor’s Budget delivered on 3 March The risk of prices being pushed up by increased lending power provides a real danger that generation rent will become generation buy, only to end up as generation debt. The March Budget included initiatives designed to support the economy in …

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Landlord and tenant: Electrical safety standards

The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 will apply to existing specified tenancies from 1 April 2021. Hayley Lalsing and Laura Sheftel consider their implications In dangerous situations where the EICR indicates that urgent remedial action is required, the LHA has the power, pursuant to Regulation 10, to arrange for …

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Company voluntary arrangements: Landlord and tenant perspectives

CVAs can provide a lifeline for tenants in financial difficulties but can severely diminish the value of a landlord’s investment. Lewis Couth considers CVAs from both parties’ perspectives and investigates a potential saving grace for landlords It is likely that landlords will have to face the risk of their leasehold investments diminishing in value in …

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Electronic signatures: From novel to necessary

Katherine Crowley and Kathryn Oie consider the successful use of electronic signatures in lockdown and why everyone needs to embrace this new way of working The type of electronic signature that has taken hold across the real estate sector over the last 12 months is known as a standard or simple electronic signature generated via …

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Construction focus: Safeguarding project delivery in a post-Covid world

Although projects have continued during the pandemic, Covid-19 has had a significant effect on the financial health of many businesses operating in the construction sector in the last 12 months. Emily Holdstock explores the ways in which developers can mitigate the occurrence and effects of contractor insolvency It is prudent to include provisions within the …

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Book review: The definitive guide to leasehold enfranchisement

Simon Serota provides his thoughts on the latest edition of Hague on Leasehold Enfranchisement (7th edn), by Damian Greenish and Anthony Radevsky The new edition of Hague arrives some seven years after the last (sixth) edition and incorporates commentary and references to a large number of decisions handed down in that seven-year period Leasehold enfranchisement was …

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Restrictive covenants: Modification issues

Stratios Koytzoumis considers a recent case brought before the Lands Tribunal considering the discharge or modification of a restrictive covenant in the context of a residential estate The tribunal did acknowledge that planning permission had been granted for the proposed use of land, which, while not conclusive, is an important factor in favour of reasonable use. …

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