High streets to be revitalised with new legal powers
High Street Rental Auctions (HSRAs) have been announced by the Government. They will give businesses and community groups a ‘right to rent’ long-neglected town-centre commercial properties. HSRAs will allow local Councils to tackle persistently vacant properties by putting the leases up for auction after the powers come into force on 2nd December 2024.
A description of the process has been published by the legal firm Dentons.
Civic and community groups should ascertain how their local authority intends to apply the HSRA process.
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