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The Leasehold Reform (Ground Rent) Act 2022 comes into force on 30 June 2022, except for retirement properties where it is not due to be implemented until 1 April 2023.
A new law has come into force to help resolve remaining commercial rent arrears of approximately £7bn which were accrued during the Covid-19 pandemic.
A report by UK Debt Collection News has reported that Bristol City Council recently resigned attempts to recover a huge amount of unpaid rent arrears debts, meaning a total of more than £1.5m is being written off.
Average asking prices have now risen by nearly £40,000 in the two years since the pandemic started, compared to just over £9,000 in the previous two years, marking an extraordinary rise.
We were delighted to recently be interviewed by leading property publication, Estate Agent Today, where our Managing Director Richard Jefferies discussed the issue of withdrawn listings, and how we assist agents in recovering thousands in lost commission.
Sinclair Taylor was founded in 1999 and provides debt recovery solutions for the property sector. In early 2021, Sinclair Taylor joined The Broadriver Group, encompassing Controlaccount, identeco Business Support Toolkit and identecoHR.
