Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
1 December 2022
To support Resident Management Companies (RMCs) and Right to Manage Companies (RTMs) with their new duties under the Building Safety Act, a consultation has been launched seeking views on the proposed regulations under section 111 of the Building Safety Act 2022.
These will imply terms into the articles of association for RMCs (where the RMC is an accountable person) to enable the appointment of a professional building safety director.
The proposals cover:
- the eligibility requirements for becoming a building safety director of the company;
- the appointment of a building safety director;
- the entitlement to remuneration of an appointed building safety director; and
- the removal of an appointed building safety director.
Government is also seeking views on its proposed amendments to the Right to Manage Companies (Model Articles) (England) Regulations 2009 to align with its proposed implied terms into the articles of association for RMCs.
This consultation will close on 7 February 2023.
Other information you might find helpful: