Clarkslegal LLP - Solicitors in Reading and London

Real Estate - Legal Updates

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Oct
18
2012

The Importance of Lasting Powers of Attorney
#Real Estate

Clients should always consider whether they or an elderly relative need to draw up a Lasting Power of Attorney....

Oct
04
2012

New Inheritance Tax Relief for charitable legacies in Wills
#Real Estate

From 6 April 2012, a new inheritance tax relief is available....

Jun
06
2012

What does Vacant Possession mean for a Tenant breaking its Lease?
#Real Estate

Many of you might have noticed the words "the Tenant will deliver up vacant possession of the Premises........" in a break clause in your lease. What does that actually mean?...

May
11
2012

Can I ask my business tenant to leave once the term of his lease has expired?
#Real Estate

Various considerations apply at the end of a business lease and a landlord should be aware of the following If the lease is not protected by the Landlord and Tenant Act 1954 which means that the tenant has no statutory right to renew the lease or to remain in the premises at the end of the term, then the most straightforward way of ensuring that the tenant leaves is to write...

Mar
14
2012

HS2 and Compulsory Purchase
#Real Estate

On 10 January 2012, the Secretary of State for Transport announced the government`s long awaited decision on its proposals for High Speed 2 "HS2"....

Feb
06
2012

All change for the Intestacy Rules?
#Real Estate

When a person dies "intestate", that is without leaving a valid Will disposing of the whole of his or her property, the distribution of any money and other assets among surviving family members is governed by a set of legal rules known as the intestacy rules. These rules date back to 1925 and have not been comprehensively reviewed for over 20 years. At the end of last year however the Law Commission published its review of the rules (Law Com No 331) and draft legislation (the draft Inheritance and Trustees` Powers Bill and the draft Inheritance (Cohabitants) Bill) proposing a number of amendments including giving rights in intestacy to cohabiters equal to those of spouses and civil partners. But what do the proposed changes mean for you?...

Feb
03
2012

A Guarantor or not a Guarantor? That is the question.
#Real Estate

The vexed question as to the extent of a guarantor`s continued liability for a tenant proposing to assign its lease finally came before the Court of Appeal in K/S Victoria Street v House of Fraser (Stores Management) Ltd & others....

Feb
01
2012

Hurry! Get Stamp Duty Land Tax Relief before it disappears
#Real Estate

It is time to act if you are a first time buyer and would like to save up to £2,500 on the purchase of your first property. The Stamp Duty Land Tax (SDLT) "holiday" announced by the Chancellor in his Budget on 24th March 2010 will end at midnight on the 24th March 2012. At present, first time buyers do not pay SDLT on purchases of up to £250,000. Beware - this first time buyer relief is time limited and will end soon....

May
24
2011

Transfer of private sewers and lateral drains to public ownership
#Real Estate

On 1st October 2011 it is anticipated that approximately 2,000 kilometers of privately- owned sewers and lateral drains in England will be transferred to water and sewerage companies ("WSC")....

Mar
09
2011

New Boost for Community Ownership - New Powers for Local Communities to Buy and Sell Property
#Real Estate

On 8 February the Government issued a press release announcing that local communities will have the ability to rent, sell or share community owned property purchased with monies received from Central Government, such as council buildings, shops and business parks....

Mar
03
2011

CRC Energy Efficiency Scheme - an overview
#Real Estate

The CRC Energy Efficiency Scheme (CRC) is the UK-wide mandatory emissions trading scheme, which applies to large businesses and public sector organisations and which came into operation on 1 April 2010....

Feb
24
2011

Just what is a chancel search?
#Real Estate

It may seem medieval that even now a private householder can be personally liable for paying for repairs to the chancel, being the eastern part of their local church, but it is a very real possibility....

Nov
11
2010

The Code for Leasing Business Premises in England and Wales 2007
#Real Estate

The Code for Leasing Business Premises in England and Wales 2007 (The Code) is the third edition of the Code published as a voluntary agreement between professional and industry bodies....

Nov
03
2010

Town and Village Greens - Landowners and Developers take note!
#Real Estate

The Commons Act 2006 (the Act) regulates the registration of land as a town or village green. The aim of the Act is to protect open spaces which have been used recreationally by the public against future development....

Aug
13
2010

Surrendering leases by operation of law
#Real Estate

It is important therefore when surrendering a lease by operation of law that you carefully consider the facts and take proper legal advice. Best practice is to enter into a deed of surrender so that all parties are clear that the surrender has taken place....

Aug
10
2010

Strengthening our Private Client team
#Real Estate

We continue to strengthen our Private Client team, with the double appointment of solicitor James Phipps and residential property lawyer Dr. Nataliya Topliss....

Apr
08
2010

Wills and Estate planning issues
#Real Estate

Previously Wills often included a clause incorporating a discretionary trust (‘the NRB Trust`) in which the NRB could be held. The beneficiaries of such trust would include the surviving spouse and family....

Apr
08
2010

2010 Budget - Stamp Duty Land Tax Implications on Residential Property
#Real Estate

The Government announced a new Stamp Duty Land Tax (SDLT) rate of 5% for purchases of residential property where the consideration exceeds £1m. The effective date of this change will be on or after 6 April 2011. In this respect "the effective date" means the date of legal completion....

Mar
26
2010

Expired Vacancy - Residential Conveyancer
#Real Estate

Dealing with all aspects of Residential Conveyancing including mortgages, trust deeds and company relocations. To also deal with high value transactions with minimum supervision....

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