It has been five months since the publication of the JCT Design and Build Contract 2016 (the “JCT DB 2016”).
Many of the amendments to the 2011 edition are form over substance with the objective being to make the JCT DB 2016 more user-friendly by using clearer and more consolidated drafting. There are also more options for users, such as provision for a performance bond, parent company guarantee and sub-contractor third party rights.
As London property prices continue to climb, home owners and developers are constantly on the lookout for new ways to extract additional value from every square foot. The traditionally favoured methods have been to extend out, or upwards, and statistics show such developments are still booming. In March 2015, City A.M reported that there were over 250 towers of 20-storeys or more going through the planning approval process in London. However, the latest trend in some of London’s most affluent neighbourhoods – where space is at a premium and both practical and planning hurdles prevent major development above – is going underground.
Some of our recent articles have highlighted important issues that need to be considered when you list your home for rent on Airbnb. In this final part of our Airbnb trilogy, we cover what mortgage lenders think of the growing practice of using websites like Airbnb.
Since its launch in 2008, Airbnb has gone on to be one of the defining figures in what has come to be known as the “sharing economy”. But with this increased presence and power, comes greater responsibility and Airbnb are under increasing pressure to uphold and also enforce current laws regulating the short-term rental market.
We’ve all heard what Theresa May had to say on 17 January 2016. The UK Government is preparing the country for a hard Brexit and the decision of the Supreme Court in the Gina Miller case earlier this week is unlikely to be more than a small hiccup in the process.