What Commercial Real Estate Professionals Need to Know About the Building Safety Act 2022

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The Building Safety Act 2022 (the Act) is described in the latest version of the CPSEs as one of the most far-reaching pieces of real estate legislation this century. While tempting to think the Act only impacts residential high-rise property, it has implications for commercial real estate too. This session will examine why commercial property practitioners need to be aware of the Act and provides an overview of some of the key provisions including:

• The gateway regime and golden thread principles for higher-risk buildings
• Changes to building control applicable to all properties
• The duty holder regime and in-occupation regime, including the roles of accountable person and principal accountable person
• The requirements to register higher-risk buildings
• The leasehold protections of Part 5 of the Act placing limits on the remediation costs that can be recovered via service charge
• The Responsible Actors’ Scheme

Emma Broad, Managing Practice Development Lawyer, Dentons