Residential block

Article Abstract:

British Property Federation Residential Policy Director Richard Lambert suggests the UK government should understand their plans to limit regulated rents will not encourage institutional investors to invest in the residential market. The government have proposed to increase fair rents only by the retail price index plus 5%, when the rent is re-registered. Owners of properties with regulated rents only achieve returns of around 4%-5% gross. Rents are assessed under the 1997 Rent Act. A rent officer will take into consideration the condition of a building, its age and location.

United Kingdom, Management, Rent control

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A block to a building sale

Article Abstract:

There is still considerable uncertainty surrounding the exact meaning of the term 'building' in the UK Landlord and Tenant Act 1987. This is causing difficulties for landlords and their advisers, especially as a breach of this legislation without reasonable excuse is a criminal offence. Cases heard so far on this issue have tended to add to the confusion, rather than offer clarification. It is now time for professional bodies to put pressure on parliament for additional legislation to resolve this issue.

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Residential reform

Article Abstract:

The U.K.'s Landlord and Tenant Act 1987 was designed to give tenants in blocks of flats the right to buy their homes if the building is being sold. However, many landlords failed to fulfill the requirements and tenants' rights were often ignored. New legislation, the Housing Act 1996, requires landlords to inform tenants if they plan to dispose of buildings by auction. If they fail to comply, landlords can be fined.

Multifamily Housing Construction, Multifamily Housing, Residential construction, not elsewhere classified, Residential construction, Apartment houses, Apartment buildings

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