Quarterly In Advance is published by Wedlake Bell’s Real Estate Team for our clients and contacts in the property world.
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Welcome to the first Quarterly In Advance of 2024! I hope you managed to get some rest and relaxation over the festive break after a 2023 jampacked with legal twists and turns, many of which had a direct impact on the real estate industry.
In the first article of our Winter edition, Gemma Cook discusses the broad scope of the Levelling-up and Regeneration Act 2023 and how it allows for the government to ask more of us in terms of disclosing information about the ownership of and our dealings with land. Gemma Williams then breaks down what the ‘Golden Brick’ is and how developers might use it to in new build residential property sales.
From this month developers applying for planning permission in England will be required to provide Biodiversity Net Gain of at least 10% when building new housing, industrial or commercial developments. Gabriela Georgieva and Tom Moritz talk practicalities around what this means together with some helpful pointers if the developer is relying on somebody else to deliver it. Edward Craft then discusses the hoops that real estate investors increasingly need to jump through given a surge of fresh regulation.
Thinking of buying property from administrators and unsure of what to look out for? Ana Pestana takes you through what to expect if you do venture down that path whilst Rebecca Stephen has some sage advice for landlords if tenants are in breach of covenants in a lease.
Charlotte Meredith looks at the vacant high street stores and the potential use of compulsory rental auctions to fill the voids and finally, Sarah Elliott looks at the recent Lendlease v Aecom case, which is a cautionary tale about incorrectly executed documents.
We hope you enjoy this issue and please do not hesitate to contact our Real Estate team with any queries or questions. We are here to help.