Is the LVT working?

Article Abstract:

Leasehold valuation tribunals (LVTs) for the UK residential sector have been in operation since Sept 1997. Many tenants and landlords have not been happy at how the tribunals have judged their cases. The LVTs need to employ more experts in residential leases. There should be greater uniformity over decisions throughout the UK. Tribunals do not award legal costs to the winner of a case unlike the courts. LVTs are slower than courts at hearing cases outside of London, England. LVTs were introduced as part of the Housing Act 1996.

Residential Buildings, Residential Building Construction, Residential construction, Housing, Contracts, Dwellings

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Law on your side: Landlords will be pleased that the proposed changes to the law on physical re-entry will still let them recover their premises by peaceful means

Article Abstract:

The planned changes to the law on peaceable re-entry and forfeiture are radical and may have far-reaching consequences for landlords and tenants. The current rules have been criticised for being out of date, unnecessarily complicated and open to abuse. The aim is to make the law simpler and fairer but the rules may still vary depending on the nature of the breach of covenant.

Rents (Property)

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Disclaimer and guarantors

Article Abstract:

A guarantor is still obliged to pay the rent of a lessee even if a disclaimer has been issued declaring the tenant's insolvency. Landlords are expected to observe the contractual arrangements after a disclaimer has been declared and seek damages from a guarantor where possible.

Commercial Banking, Business Equip Lease Financing, Lease financing, Landlords

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