The Residential Logbook Association (RLBA) believes that a residential Property Logbook is a clear example of a ‘digital asset’ whose recognition, status and treatment in law have yet to be defined in any meaningful way by the legal industry.
So the RBLA have responded to the Law Commission’s Consultation making that case for their recognition in laws relating to property, assets and transactions. However, we have framed the call for Property Logbook recognition within a call to consider the wider context for ‘digital assets’.
The Residential Property Logbook Association make the case that there is an ‘immediate’ problem to be resolved in residential property law around digital assets made up of data, online services, apps and logbooks; and a ‘future’ challenge around blockchain and crypto-based issues for which we can begin to layout principles.
To read the full article regards the RBLA response to the Law Commission Consultation, click here
To see how residential property logbooks enable estate agents to grow business, click here