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Weekly property briefing: King’s Speech reforms, renters’ rights, leasehold/commonhold, planning, HMLR practice, key judgments, Build-to-Rent, business rates and Welsh LTT (England and Wales) — 18 July 2024

Published on: 18 July 2024

Published by a LexisNexis Property expert
Legal News
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Article summary

In this issue:

  • Key development and horizon scanning
  • Property development
  • Statutory compliance
  • Property management
  • Leasing property
  • Transferring property
  • Property taxes
  • Additional property updates this week
  • Daily and weekly news alerts
  • Trackers

Key development and horizon scanning

King’s Speech 2024—property measures

The King’s Speech 2024 outlined measures affecting the property industry that were widely expected after Labour’s election campaign, including ending ‘no‑fault’ evictions in the private rented sector and advancing Law Commission proposals on enfranchisement, commonhold and the right to manage. The background briefing, in fleshing out the detail, confirms that reform will include regulation of ground rents—trailed during Labour’s campaign but omitted from the Leasehold and Freehold Reform Act 2024 (LFRA 2024)—and also refers to abolishing residential forfeiture. This reform has been on the table for some time: the Law Commission’s 2006 report, ‘Termination of Tenancies for Tenant Default’, examined the issue (and was not confined to residential leaseholds), yet it has so far failed to gain traction...

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