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The Minister for Justice and Equality has signed the orders
providing for the establishment of the Property Services
Regulation Authority on 3 April, 2012. The Authority
is established under the Property Services (Regulation) Act 2011
and has a mandate to set and enforce standards in the provision of
property services by auctioneers, letting agents and property
management agents and to provide redress mechanisms for consumers
of those services. The Authority will also have statutory
responsibility for the publication of residential property sales
prices and the establishment and maintenance of a Commercial Leases
Database. The Minister has also appointed a Chairperson (Ms
Geraldine Clarke) and ten ordinary members to the Authority.
Further details are available on the Authority's website, www.nprsa.ie.
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A discussion which highlights the main aspects which should be taken into consideration by an organisation or individual who is looking to undertake work in a territory other than in its home.
Lord Justice Jackson’s cost reforms came into force on 1 April 2013. Though primarily aimed at personal injury litigation, the reforms will affect construction and engineering litigation.
The Court of Appeal has recently refused to amend a legal charge registered at the Land Registry, even though it would have given effect to the parties’ common intention (which had been mistakenly missed out of the charge).
With the current economic climate, landlords are increasingly finding that they have vacant units which they will often wish to secure occupation of on a short term basis, while they market the unit for a longer term let.
Following Judge Pelling QC’s decision in Leisure Norwich (2) Limited & Others v Luminar Lava Ignite Limited (in administration) & Others [2012] EWHC 951 (Ch) (reported in the June 2012 edition of BDB’s Property & Insolvency Bulletin), rent which is incurred prior to a tenant going into administration must be proved like any other pre-administration debt and cannot be paid as an expense of the administration.
The construction sector accounts for nearly 10% of the UK economy and the Government frequently emphasises the important role the sector will play in achieving economic growth.
For many years the appeal courts have been concerned with determining what character of building is a 'house' for the purposes of enfranchisement rights.
The FIDIC Contracts Committee has issued a Guidance Note dealing with the powers of, effect of and the enforcement of Dispute Adjudication Board (DAB) decisions.
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