Clarkslegal LLP - Solicitors in Reading and London

Commercial Real Estate - Legal Updates

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Jan
17
2022

Top 5 tips before taking on a restaurant property
#Commercial Real Estate

Often the hardest part of opening a restaurant is finding the perfect premises and location for your venture but once you are in then you then need to make it a success....

Jan
11
2022

Rent Reviews- are you being treated fairly?
#Commercial Real Estate

The subject of rent review is immensely complex and many articles and books have been written solely on this topic. In this short article we are highlighting rent review points from two recent transactions where we have acted for the prospective tenants and were asked to advise whether the wording of the rent review clauses had a disadvantageous effect on the tenants in question....

Nov
29
2021

Tenants beware of repair obligations in a commercial lease
#Commercial Real Estate

The judgement in the recent case of Stonecrest Marble Limited v Shepherds Bush Housing Association Limited [2021] EWHC 2621 (Ch) is a reminder to all tenants of the importance of carefully reviewing a lease of part, to make sure the landlord is under an obligation to maintain and keep the whole of a building in repair. ...

Nov
08
2021

Is your local pub under threat? How can you save it?
#Commercial Real Estate

The Localism Act 2011 (LA 2011) contains several proposals to give local authorities new freedoms and flexibility in order to protect local services and drive growth. The general power gives councils more freedom to work together with others in new ways to drive down costs. It gives them increased confidence to do creative, innovative things to meet local people’s needs. ...

Sep
08
2021

Can I turn my shop into a residential property?
#Commercial Real Estate

We saw significant changes to the commercial use classes system in September 2020. However, one of the most significant adjustments has been implemented without much fanfare or publicity. It is the change that was put in force since 1 August 2021 permitting development to convert shops into residential units; (Use class E to use class C3). ...

Aug
10
2021

Do I need an EPC on the sale or let of a listed building?
#Commercial Real Estate

An Energy Performance Certificate (EPC) is a legal requirement when constructing, selling or renting out a building. The purpose of an EPC, as you might expect, is to show the energy efficiency of a property. An EPC gives a property an energy efficiency rating from A (most efficient) to G (least efficient) and is valid for 10 years. There are, however, commercial EPC exemptions. ...

Jul
07
2021

How Covid-19 has impacted commercial lease rent reviews
#Commercial Real Estate

When the first lockdown hit the UK in March 2020, there was a lot of speculation as to how it would impact the commercial property sector. A key concern for landlords was how rent review provisions would apply. ...

May
11
2021

Can a commercial tenant get away with not paying rent due to the pandemic?
#Commercial Real Estate

It has now been 14 months since we first went into lockdown and the government released measures under the Coronavirus Act to protect both residential and commercial tenants from being evicted if they had not paid their rent up to date. ...

Apr
20
2021

Setting up a food business during COVID
#Commercial Real Estate

During the coronavirus pandemic many have turned to the kitchen during lockdown. While pastime for most, others have looked to turn this into a new business opportunity. Kiran Malik a new Commercial Property Solicitor at Clarkslegal discusses the issues she had to overcome when setting up a family food business during lockdown. ...

Mar
09
2021

What is Ground Rent?
#Commercial Real Estate

Originally, it was rent that was supposed to reflect only the value of the ground that was being let, ignoring any building on it. The term is now frequently used to mean a low or nominal rent, usually one paid under a long lease that was granted in return for a premium. The landlord gets a capital sum for the lease, so there is no reason for the tenant to pay a full market rent for the property as well. ...

Feb
08
2021

Do I need an EPC for a renewal lease?
#Commercial Real Estate

The question of whether an EPC (Energy Performance Certificate) is required on a renewal lease is open to interpretation. The short answer is probably for commercial property (“non-domestic”) but not for residential property (“domestic”), but it is by no means clear. This is because, in part, the MEES Regulations (Minimum Energy Efficiency Standards) and EPC Regulations contradict themselves regarding this very question and we will see how they both differ below. ...

Jan
12
2021

Food for thought – a revival in the UK restaurant sector in 2021?
#Commercial Real Estate

In recent years the restaurant sector has been struggling due to high business rates and rents, Brexit uncertainty and people generally eating out less. ...

Nov
13
2020

Brexit stock-piling during a 'perfect storm' in the warehousing and logistics sector
#Commercial Real Estate #Brexit

With just 7 weeks to go until the end of the Brexit Transition period and no definite signs of a trade deal in sight, the warehousing and logistics sector is preparing for a period of disruption....

Nov
03
2020

What has been the impact of COVID-19 on female property professionals?
#Commercial Real Estate

The coronavirus pandemic has changed the landscape of how we approach our working lives, with many challenges being identified for female professionals. ...

Sep
17
2020

Government announces biggest funding commitment to affordable housing in a decade
#Commercial Real Estate

The Housing Secretary Robert Jenrick has launched a programme which will see billions of pounds invested in affordable housing which will not only help the country ‘build back better’ but will also make it easier for the next generation to get a foot on the property ladder....

Sep
16
2020

Mixed response to the rumoured ban on evictions until the end of the year
#Commercial Real Estate

The Government is reportedly rumoured to be preparing to extend the ban on evictions for those in the hospitality and retail sectors until the end of the year, with an official announcement to follow as early as next week....

Sep
15
2020

New revolving fund for SME residential developers
#Commercial Real Estate

The Government has announced a new £25m revolving fund for small and medium-sized (SME) residential developers to ‘grow and deliver more homes at pace’....

Jul
29
2020

Radical planning changes to come into Force
#Commercial Real Estate

From 1st September 2020 radical reforms will be made to the Town and Country Planning (Use Classes) Order 1987 (“the Use Classes Order”). The changes will be the biggest of their kind since the Use Classes Order was introduced over 30 years ago, and form part of a range of measures introduced by the Government to cut planning ‘red tape’ and allow greater flexibility of land-use to adapt to the changing needs of our high streets and communities....

Jul
28
2020

Local authority investment in commercial property criticised – but is this the way forward?
#Commercial Real Estate

The Public Accounts Committee (PAC) published a report on 14 July on “Local Authority investment in commercial property”, ...

Jul
24
2020

Can I extend my property without getting permission?
#Commercial Real Estate

The Government has announced further changes to ‘Permitted Development Rights’ which will allow homeowners to add up to two additional storeys to their home through a fast track approval process, ...

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