Government Briefing – High Street Rental Auctions

The Levelling Up & Regeneration Bill announced at the Queens Speech is introducing High Street Rental Auctions as a new permissive power for local authorities. Local authorities will be able to run a rental auction on select vacant commercial properties to require landlords to rent out properties to prospective tenants, such as local businesses or community groups. Please sign in to view the Government’s briefing paper. This issue will continue to be discussed at forthcoming Property community meetings – get in touch to learn more.