News – Page 3
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CLLS updates commercial development management agreement
The City of London Law Society has launched the second edition of its development management agreement (with ancillary asset management services)
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Law Commission releases consultation on the right to manage
The government has asked the Law Commission to review the right to manage (RTM) legislation to make it simpler, quicker and more accessible, particularly for leaseholders. Find out more, including about how to get involved
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Law Society rejects case for specialist Housing Court
The Law Society has responded to a Ministry of Housing, Communities and Local Government (MHCLG) consultation exploring the case for a specialist housing court.
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Property Section committee vacancies
The Property Section is looking for residential or commercial property practitioners to join our Property Section committee.
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Law Commission to run consultation events on commonhold and the right to manage
The Commission has announced a series of regional events covering both topics and likely to be of interest to professionals
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IFRS 16 and its impact on real estate leases
A change introduced on 1 January 2019, makes significant changes to lease accounting for affected commercial tenants, which is likely to influence the length of leases taken by tenants in future and impact tenants’ earnings and liabilities, with consequential effect on covenant tests
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The grand scheme
The Law Society has announced the relaunch of the Conveyancing Quality Scheme. Changes will start taking effect from 2019. What will the changes mean in practice?
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SRA releases new guidance on price transparency
Law firms will have to publish details of their employees’ experience and the time work is likely to take – as well as their prices – when new transparency rules come into force in December.
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PII proposals and increased risk in modern conveyancing
Michael Garson outlines the importance of risk management for conveyancing firms, now that the Solicitors Regulation Authority has proposed its changes to professional indemnity insurance
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Law Society publishes new briefing on SRA transparency rules
The new briefing will help you get a better understanding of what the changes were, why they were announced, and initial points to consider for risk and compliance within your practice.
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SRA gives green light to freelance solicitors
Last week, the SRA announced a series of decisions on the outcome of its Handbook reforms. Marzena Lipman, policy adviser at the Law Society, gives an overview of the changes.
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Firms’ websites must show prices, SRA announces
Under new proposals confirmed by the SRA, law firms will now be required to publish the prices they charge. This will cover conveyancing, probate, motoring offences, immigration advice and the cost of bringing claims before an employment tribunal.
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How to assist with pre-owned park home sales in six steps
Park homes are not equivalent to bricks and mortar, and the procedure for buying and selling one is not subject to the usual conveyancing protocols. Rawdon Crozier and Ibraheem Dulmeer set out the six steps you need to follow.
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Blockchain revolution?
Blockchain has been branded as the future of just about everything and is soon expected to infiltrate all aspects of our lives, from banking to tax returns and voting. But what is it, and how can it be used in property transactions?
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The Homelessness Reduction Act 2017 - catching mammoths with straw nets?
Daniel Fitzpatrick, partner at Hodge Jones & Allen, discusses the Homelessness Reduction Act 2017.
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Side letters: a cause for concern
Peter Reekie looks at the recent case of Vivienne Westwood Ltd v Conduit Street Development Ltd [2017] EWHC 350 (Ch).
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New guidance on minimum energy efficiency standards for non-domestic property
In February, the government released new guidance on the operation of the regulations behind the minimum energy efficiency standards for non-domestic property, coming into force in April 2018. Warren Gordon outlines the key points of the guidance
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Sale of land – breach of contract
The Court of Appeal reviewed if there was a breach of contract in, Savills (UK) v Blacker and another [2017] EWCA Civ 68.
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Urgent clarity needed for tax hike on property transactions
Unconfirmed reports of a planned tax hike on a key part of the house-buying process prompted the Law Society of England and Wales today to urge HM Revenue and Customs (HMRC) to clarify the position.