Bring on the A game

The government has got its A game on, s119 of the Building Safety Act 2022 is being amended.

S119A will protect Lease Extensions, Deeds of Variations, Surrenders and Regrants which were Qualifying Leases.

For those who extended, surrendered or varied without a provision retaining the protection, all is not lost, as the amendment will apply retrospectively.

Tenants cant contract out of their protection, as any agreement made before or after the Act comes into force, will be void.

There will also be additional protection for leaseholders with 3 leases and leaseholders who hold less than 50% as Tenants in Common. How the latter will be regulated is anyone's guess?

Bring on the A game, bring on S119A