Duty to Manage Asbestos
from May 2004 landlords and property managers of non-domestic properties must take active steps to identify, record and manage the risks from any asbestos present.
Finance Act 2003
this provided for the introduction of Stamp Duty Land Tax (SDLT) from 1 December 2003. It largely replaces stamp duty on UK land and buildings. It covers residential and commercial property freeholds and leaseholds over seven years in length as well as other transactions.
Housing Acts 1988 and 1996
the 1988 legislation introduced assured and assured shorthold tenancies. Before that date most lettings were regulated tenancies under the Rents Act 1977. Under the provisions of the Housing Act 1996, tenancies that started on or after 28 February 1997 are automatically shorthold tenancies unless special steps are taken to set up an assured tenancy. The Housing Act 2004 introduces a number of measures that affect residential landlords, including mandatory licensing of a house in multiple occupation and selective licensing of privately rented properties in some areas. The HMO and selective licensing provisions are expected to come into force in October 2005.
Furniture and Furnishings (Fire) (Safety) Regulations 1988
landlords must make sure that any furnishings and furniture provided comply with fire resistance requirements. Upholstered furniture included in lettings must comply. These Regulations impose the same stringent standards as apply to new and second-hand furniture in the shops. The Regulations are applicable to the following: