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Press Round-Up: Regulatory and Professional Discipline – May 2026
Jack Garden
It is not unusual to see in a long Lease of a residential flat, a Landlord's right to terminate or for the Lease to automatically determine, in the event of damage or destruction of the flat or block where it is not possible to reinstate the block within a certain period, usually 3 years. The lease will then provide for the insurance proceeds to be divided between the Landlord, the Tenant and the other lessees of the block in such proportions as the parties agree, having regard to their respective interests.
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.
Airbnb has become a worldwide platform for home owners to generate an extra income stream. The ability to jet away on a tropical holiday and let your home out for a fee or (for those fortunate enough to own more than one home) to let out your additional homes at short term intervals, is certainly attractive. However, whether or not such lettings are legal, or whether they breach any covenants restricting the property, is rarely considered when listing for Airbnb.
P&P Property Limited –v– (1) Owen White & Catlin LLP (2) Crownvent Limited t/a Winkworth [2016] EWHC 2276 (Ch):
This case serves as a welcome decision for professionals when considering where to pin the blame (and liability) in circumstances where a vendor in a property transaction turns out to be fraudulently impersonating the true owner.
In Budget 2016 the Government announced that from April 2017 the tax relief that landlords of residential properties get for finance costs will be restricted to the basic rate of income tax. On 20 July 2016, the new guidance was published and is summarised here.
Jack Garden
Jenny Higgins
Richard Clayman
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