If the pledge  finds its way into policy and legislation in the new Government it does raise the question though of “what if?”

For all Housing Associations

Seemingly associations will be compensated; however even if full compensation unanticipated spikes in sales may lead to a fall in asset cover because replacement assets may simply not be available – associations might wish at least to consider whether this might be an issue for them.

For LSVT Housing Associations Only

For LSVT associations LSVTs will recall at stock transfer the Land Registry record a list of all properties susceptible to the PRTB.  Depending on what the legislation looks like it might be necessary to have a clear public record of which property has the PRTB and which property has any new RTB.  We recommend that LSVTs ensure that list is accurate as the list is a good place to start with for what is the PRTB.  Every time a tenant with the PRTB purchases their home the Land Registry will (providing the sale transfer has been accurately drafted) delete that entry.  But it is for the landlord to inform the Land Registry when either the tenant moves to another house within their housing stock (so taking their PRTB with them) by using form PSD 101 and when a tenant with the PRTB terminates their tenancy by using form PSD 103.  There will be many occasions where landlords will complete both forms –e.g. where a tenant transfers to another property owned by the landlord and the next tenant occupying the property does not have the PRTB.  Examples include when properties are demolished or mutual exchanges (incoming tenant not have the PRTB).

(There is no fee for the cancellation of any entry, there is a nominal fee for each new entry (which would only be where a tenant moves)).

Challenges

In terms of potential challenges, these cannot of course be launched until after the policy is actually introduced and prior to that (as well as the general election) there would be an opportunity to respond strongly to any consultation on new legislation, which should be seized on.

For more information

Please contact Emma Holmes on 0121 214 3704 | emma.holmes@anthonycollins.com

The spread of necrotising fasciitis
The spread of necrotising fasciitis

Necrotising Fasciitis, more commonly known as the ‘flesh-eating disease’, is a significant medical condition that requires urgent treatment.

Richard Handley Inquest
Richard Handley Inquest

Many of us who have been following the unfolding Inquest, are not surprised that the Coroner found gross and significant failures on the part of those caring for him.

Recovery of fire safety costs from leaseholders
Recovery of fire safety costs from leaseholders

In all the action to remove defective cladding, leaseholders have been the elephant in the room. Whilst social landlords might have adopted a wait and see approach private landlords do not have that luxury.

Transforming Business
Transforming Business

We welcome the Labour Party’s commitment to doubling the size of the co-operative economy. We wholeheartedly support the ambition to grow this vitally important part of the economy.

Converting to a Charitable Incorporated Organisation
Converting to a Charitable Incorporated Organisation

It was first referred to in the Charities Act 2006 (which was subsequently replaced by the Charities Act 2011) but it has finally been announced that charitable companies are able to convert to a charitable incorporated organisation (“CIO”).

Impact of Homes (Fitness for Human Habitation) Bill
Impact of Homes (Fitness for Human Habitation) Bill

The Private Members Bill Homes (Fitness for Human Habitation and Liability for Housing Standards) Bill 2017-19 now has Government support and was debated at second reading on Friday 19 January 2018.