Under the Landlord and Tenant Act 1987 (the Act), before they can dispose of their interest in a residential building, freeholders are obliged to offer the leaseholders of the individual flats the opportunity to collectively purchase the interest being disposed of. ...
Pop-up theatres are becoming an increasing trend in the arts world, offering a flexible and cost-effective alternative to traditional venues. A wide variety of locations are now being used, from urban gardens to disused retail space. ...
Pick & Cheese will launch next month in Covent Garden and offer more than 25 different cheeses to guests at the new KERB street food market in Seven Dials....
The default position for a tenant occupying commercial premises is that when the contractual term expires, the tenant has a statutory right to a new lease even if the landlord is unwilling to grant a new lease on a voluntary basis. ...
We are pleased to complete the acquisition of a wholesale and distribution business for a client which further bolsters existing turnover and operations in different geographical areas....
The headlease is surrendered If this happens then the tenant under the headlease falls away and the tenant under any underlease becomes the direct tenant of the superior landlord and the premises will continue to be occupied by the undertenant on the terms of the underlease....
Section 35 of the Landlord and Tenant Act 1987 (LTA 1987) (as amended by the Commonhold and Leasehold Reform Act 2002), provides that a party to a long lease may apply to the Leasehold Valuation Tribunal (LVT) to vary the lease on the grounds that the lease fails to make “satisfactory” provision in respect of one of the circumstances specified in section 35(4), LTA 1987. ...
It has been widely reported this week that the government will be ending the current ‘no fault’ eviction regime, which enables landlords to give residential tenants two months’ notice to end their tenancy agreement under section 21 of the Housing Act 1988. The move is designed to give tenants more security and stop ‘retaliatory’ evictions (where landlords end a tenancy after the tenant complains about disrepair)....
Often the hardest part of opening a restaurant in the UK is finding the perfect premises and location for your venture but once you are in then you also need to make it a success. Here are our top 5 tips to help this process run smoothly....
We are often asked by landowners what the best way is to fully realise the development value of their property where there is a possibility of planning permission being granted. What needs to be done to unlock the development potential and then obtain the maximum amount of the uplift in value on the subsequent sale of the property to developers?...
A group of lawyers, property professionals and environmental consultants called for indoor air quality measures to be made legally enforceable during a roundtable discussion chaired by the Building Engineering Services Association (BESA)....
A CVA is a procedure that allows a company: to settle debts by paying only a proportion of the amount that it owes to creditors ...
Stamp Duty Land Tax (“SDLT”) is a tax which is payable on the purchase or leasehold transfers of property if they are valued over a certain threshold. SDLT is payable to HMRC. Currently, and until 28 February 2019, the filing and payment deadline for SDLT is 30 days after the 'effective date' of the transaction (i.e. completion of the transaction)...
It has been a difficult 2018 for all of us and with increased uncertainty over what the future holds in Europe consumers seem to have tightened their belts and spent less on eating out. ...
The Electronic Communications Code 2017 (“the New Code”) came into effect on 28 December 2017 with the aim of making it easier for operators to obtain and secure certain rights. This was motivated by the Government’s wish to speed up the roll out of broadband and mobile network coverage across the UK, accepting that digital access is no longer considered a luxury but a necessity in line with other utilities. ...
Earlier this year, the Supreme Court decided in Rock Advertising Ltd v MWB Business Exchange 2018 that, where a written contract states that it can only be varied by observing specified formalities (for example by doing so in writing and signed by both parties), those formalities will – in most circumstances – need to be observed if the variation is to be effective. This decision has far-reaching consequences, because many contracts are varied informally by the parties during their life without checking the requirements, which can be fatal to enforcement if a dispute arises. ...
Landlords and tenants will be familiar with the security of tenure provisions contained in the Landlord and Tenant Act 1954, which give tenants the right to renew their leases on expiry. Landlords can only object to a renewal on a limited number of grounds. One of those most frequently relied on by landlords is ground (f), which is that the landlord intends to demolish or reconstruct the premises subject to the tenancy, and cannot do so without obtaining possession from the tenant....
Clarkslegal is pleased to announce two new partner appointments to its Thames Valley office. Stuart Mullins joins the Corporate team and brings with him a wealth of experience acting for SMEs and corporates on mergers, acquisitions, banking, corporate law and commercial matters. Mark Izquierdo is appointed to head the Real Estate team in Reading and brings with him over 20 years’ experience in the property market. Mark specialises in investment and development work (residential and commercial) and is highly regarded for the transactional work he undertakes. Managing Partner, Monica Atwal, welcomes Stuart and Mark commenting: “We are delighted with the new appointments to key growth areas for our practice. The appointments demonstrate our continued commitment to the Thames Valley and underline our position at the forefront of commercial legal services in the region”...
The implications for a landlord consenting to tenant’s alterations in breach of an absolute prohibition contained in a lease were recently highlighted in the case of Duval v 11-13 Randolph Crescent Ltd [2018] EWCA Civ 2298 (Decision 18 October 2018). Although this is a case concerning a residential lease, the finding also has implications for landlords of mixed use and commercial properties. ...
Clarkslegal has recently assisted a boatyard owner in the disposal of an abandoned steamboat. Whilst this is was an unusual scenario, it is often the case that when a tenant vacates a property, they leave behind unwanted possessions or goods, which have to be cleared before the property can be re-let. If what has been left behind is clearly just rubbish, the landlord can probably just dispose of it. But items or goods, even if the tenant appears to have abandoned them, are more complicated and cannot simply be thrown away. In this case, the landlord becomes what is known as an ‘involuntary bailee’ of the items and has a duty not to deliberately or recklessly damage or destroy them. So what should the landlord do with them?...