Answers - Real Estate

It’s getting to the time of year when the old problem crops up again. “A” level results are expected soon and students will be on the lookout for affordable accommodation.

Whilst for some lucky stude

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

nts, residency “in hall” may be an option; there is a huge demand for bed-sits, shared apartments or houses. It’s a worrying time for parents and some of the accommodation, particularly in the big Univ

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ersity towns, leaves a lot to be desired. Of particular concern are the big, multi storey, buildings occupied by several unrelated tenants and converted into individual self-contained units. Some of t

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

hese are owned and operated by unscrupulous landlords whose only intention is to pack as many students into as small a place as possible, offering little in the way of comfort or even safety.

New rule

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

s are about to alter all that. They will undoubtedly cause problems for the landlords mentioned above, but should help those wanting to join the buy to let market by making these properties more inter

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

esting to mortgage lenders, who will see the attraction of well thought out and managed conversion schemes.

At the beginning of this year it was announced that from 5th April 2006 it will be necessary

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

for such properties to be licensed before occupation. This should greatly improve the standard of accommodation. There will be an inspection, concentrating on room sizes, arrangement of accommodation

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

and safety aspects and fire regulations. It will also be necessary for the landlord to produce evidence of acceptable plans regarding the future management and maintenance of the property. The Local

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

Authority will issue the licenses at a cost of around ?100 per individual tenant for a five year licence. There will be a fine of up to ?20,000 for non compliance. The Licence is to be known as a Lic

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

ence for Multiple Occupation. It will apply to property that is on at least three floors and is let to several unrelated tenants.

Go to http

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

://www.propertylicensing.gov.uk for more information.

There is another regulation concerning Health and Safety. This is called the Housing Health and Safety Rating System. If a tenant is worried

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

that the condition of the accommodation may be affecting their health in some way, they will be able to ask for an inspection to be carried out. Inspectors will be able to demand repairs and to apply

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

fines to landlords of ?5,000.

The last regulation is regarding the deposit lodged with the landlord when taking out a tenancy. This deposit is normally refunded, provided the property is vacated in

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

a fair condition at the end of the tenancy. Evidence has shown that some landlords refused carry out these refunds giving various dubious reasons for refusal. This, hopefully, is to be resolved by the

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

Tenancy Deposit Scheme, which comes into force in October of this year. It is an amendment to the Housing Act of 2004.

It’s proposed that:

· An independent, neutral, scheme administrator is appointed

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

.

· The deposit is held by the administrator.

· At the end of the tenancy, the tenant and landlord have to agree that either the whole or part of the deposit is repayable and inform the administrator

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

of this.

· The scheme administrator must pay the sum/s within ten days, as in the terms of the agreement.

If it has not been possible to come to an agreement and it is necessary for the tenant or la

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ndlord to obtain a final court order to decide the proportion of each person’s share of the money, then the administrator will immediately make such a payment.

If an administrator refunds a deposit, i

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

nterest must be added. The rate has yet to be decided and will be specified by the Government. Additional interest to this will be held by the scheme administrator and used to provide funding for the

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

Tenancy Deposit Scheme.

The costs of these improvements will obviously be reflected in the rental prices, however the tighter regulations will be reassuring for investors (and those worried parents!)

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Answers - Buy to Let? New Rules for Landlords

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