Leasing And Letting

Question 1

Legislation?

Answer 1

• Estate Agents Act 1979 (The duties agents owe to clients - 6 principles)
• Misrepresentation Act 1967 (can pursue in contract law)
• Bribery Act 2010
• Consumer Protection from Unfair Trading Regulations 2008
• Business Protection from misleading marketing information regulations 2008
• UK Money laundering regulations 2017
• Proceeds of crime act 2002
• Unfair contract terms act 1977
• Landlord and Tenant (covenants) Act 1995 (privity of contract - assignor’s not liable)

Question 2

RICS Guidance?

Answer 2

• RICS Code for leasing business premises in England and Wales, 2020 (PS) (HOTs prescriptions, & negotiation best practice)
• RICS UK Commercial Real Estate Agency, 2016 (PS) (comply with ethics & legislation, must inspect, use RICS measurement etc)