| Industry News |
|
| News » Commercial Property Law » Tenants should receive notice period 'after repossession' |
|
25/02/2009
Tenants should receive notice period 'after repossession' |
|
The Association of Residential Lettings Agents (Arla) says that the point and time that a tenant becomes aware of repossession is a major issue.
New government proposals to support tenants come into effect on April 6th and will aim to help tenants who could be made homeless by their landlord's mortgage woes.
Ian Potter, operations manager at Arla, says that the increased notice at the point of possession proceedings would give tenants up to seven weeks notice, but not all proceedings lead to repossession.
He suggests that it would be more beneficial if the notice period was "after the repossession order had been granted".
However, he added that: "They would have to change the law, they need primary legislation. It is not something they can do quickly."
According to the Council of Mortgage Lenders, there were 5,000 less repossessions than forecast last year and its 75,000 repossessions prediction for 2009 remains unchanged. |
| |
| Related Articles |
08/01/2010
Office demand 'to focus on London'
The commercial property market will recover strongly in London in 2010, in contrast with the rest of the country, it has been predicted.
|
22/12/2009
Commercial property 'to recover slowly from recession'
Commercial property will only recover gradually in the near term as it is likely to be feeling the effects of the recession even after the economy starts growing again, it has been predicted.
|
18/12/2009
Commercial property market 'to pick up in 2010'
The use of commercial property lawyers in 2010 may pick up in the south-east as it has been forecast that the region will see matters improve as the year wears on.
|
16/12/2009
Business confidence increases
The use of business lawyers may be set to increase as a poll of firms has shown that levels of confidence are rising.
|
14/12/2009
New tax rule to "irritate" large commercial landlords
A tax break for cheaper empty properties is "welcome", but those who might use the services of a property lawyer for commercial transactions will go on being "irritated" by the commercial property rate tax they will still have to pay on large ones, it has been argued.
|
News Archive