The Building Safety Act 2022 brought significant changes to the UK property sector, particularly for leaseholders in high-rise residential buildings. This legislation aims to enhance building safety and protect leaseholders from excessive costs related to historical building safety defects. In this article, we’ll explore the concept of qualifying leaseholders and what it means for you.
The Building Safety Act 2022 is a comprehensive piece of legislation designed to improve building safety standards in the UK. It was introduced in response to the Grenfell Tower tragedy and aims to prevent similar incidents in the future. The Act establishes new roles, responsibilities, and regulatory frameworks for those involved in the design, construction, and management of high-rise residential buildings.
Qualifying leaseholders are individuals who meet specific criteria outlined in the Building Safety Act 2022. These leaseholders are entitled to certain protections and rights regarding building safety remediation costs. The Ministry of Housing, Communities & Local Government provides detailed guidance on leaseholder protections.
To be considered a qualifying leaseholder, you must meet the following criteria:
It’s important to note that there are some exceptions and additional considerations, which is why professional advice is often necessary. The Leasehold Advisory Service offers further information on qualifying leaseholders.
Qualifying leaseholders enjoy several protections under the Building Safety Act 2022, including:
The Health and Safety Executive, as the Building Safety Regulator, provides additional information on these protections.
While the Act provides significant protections, qualifying leaseholders also have responsibilities:
The Fire Safety Act 2021 also outlines additional fire safety responsibilities for residents.
At Innovus, we understand the complexities of the Building Safety Act 2022 and its implications for leaseholders. Our Building Safety team has over 65 years of combined experience in the property industry and stays at the forefront of evolving legislation.
We offer expert building safety support to help you:
Our close working relationships with regulators, government departments, and industry bodies allow us to provide up-to-date, accurate advice on building safety matters.
If you’re a leaseholder concerned about building safety or need guidance on the Building Safety Act 2022, don’t hesitate to reach out to Innovus. Our dedicated team is here to help you ensure your home is safe and compliant with the latest regulations.
For more information on our Building Safety Consultancy services, visit our Building Safety Consultancy page or contact us today.