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Building Safety Act 2022 - twelve things to check when buying a mixed use building
The scenario You're an investor looking to buy a mixed use property. The property is a large high street block in London, built in the early 2000's. The block has retail on the ground floor, then two floors of offices and finally two small flats at the top. The flats have been sold off on 999 year leases and don't generate any income, so you're not really interested in them. But you've heard that, because of the flats, you might have obligations under the Building Safety Act ("BSA").
Current spotlight - Reinforced Autoclaved Aerated Concrete ("RAAC")
The current spotlight on the use of Reinforced Autoclaved Aerated Concrete ("RAAC") started with concerns raised in relation to schools and the subsequent guidance on mitigation measures announced by the Department for Education at the end of August 2023.
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