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Abandon hope, all ye who enter here – LURA “hope value” provisions take effect from 30 April 2024
The Levelling-up and Regeneration Act 2023 (Commencement No.3 and Transitional and Savings Provision) Regulations 2024 were made on 18 March 2024, which implements a pLURAlity of sections of the Levelling-up and Regeneration Act (“LURA”), including s190 LURA which relates to the disapplication of “hope value” in certain circumstances and comes into effect on 30 April…
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The Price of Light: Can Section 203 Offer Developers a Brighter Future?
In the complex world of property development, one often-overlooked obstacle can cast a long shadow: rights of light. This legal right grants neighbouring properties access to natural light, and any significant obstruction can have costly consequences. This article aims to shed a little light on the risks that rights of light can pose to developers,…
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Levelling Up or Landlocked? Hope Value Takes Centre Stage in Regeneration Debate
Following Royal Assent in late 2023, the Levelling Up and Regeneration Act has landed, bringing with it a whirlwind of promises and anxieties. Alongside plans for faster planning and devolution, the Act grapples with the thorny issue of hope value when acquiring land by compulsion, a concept with the power to either unlock or stall…