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Commercial Real Estate

Development

 

Our team advises a number of developers and also companies entering into transactions which are conditional on development works being carried out. Our construction team are also on hand to guide you through the process.

Acting for the public sector and for large portfolio landowners, we frequently deal with a variety of issues arising in respect of infrastructure and utilities.

“They are knowledgeable, friendly, efficient and a pleasure to work with.” 

Chambers and Partners

FAQs- Development

Property development is the business process of either the purchase and renovation of an existing property, or the building of new property on vacant land, which can then be sold or leased for a profit.

Also known as  “claw-back”, overage refers to a sum of money that the seller will become entitled to if a certain pre-agreed conditions are fulfilled. Overage clauses are not included in every transaction, but are used in situations where the property may become worth more in the future due to an uncertain event such as the granting of a new planning permission, that increases the value of the property.

An option is a contractual right to buy, sell or lease a property at an agreed price within a specified time period. The purchaser normally pays for the option and cannot pass it on to another party.

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Read, listen and watch our latest insights

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  • 28 February 2024
  • Commercial Real Estate

Hidden risks in serviced office agreements

This is usually a fully furnished and equipped office space that is managed by a facility management company and made available for short-term or long-term rentals to businesses, varying from one week to a year, or even longer.

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  • 05 February 2024
  • Commercial Real Estate

What happens when a tenant serves a break notice ‘early’?

To exercise the break option, the tenant had to provide the landlord with at least six months’ notice, and in order for the notice to be valid, it must be served by special delivery or have receipt acknowledged by the landlord.

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  • 01 February 2024
  • Commercial Real Estate

Can a tenant forfeit their own lease?

In the unusual case of NPS (40GP) Limited v Liberty Commodities Limited EWHC 2137 (Ch), a landlord had to dispute a claim by their tenant that their lease had been forfeited, after their key card access to the building had been revoked following routine maintenance.

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  • 25 January 2024
  • Commercial Real Estate

Can the Local Authority force me to lease my commercial property?

This article explores the key aspects of the Levelling-up and Regeneration Act 2023 (LURA 2023) that may impact landlords in England.

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  • 04 December 2023
  • Commercial Real Estate

Real Estate update and 2024 expectations

The ECC confers rights on code operators to install and maintain electronic communications apparatus on public land, and even grants operators the right to sometimes apply to court for an order allowing them to install and maintain such apparatus on private land.

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  • 16 November 2023
  • Commercial Real Estate

Navigating Telecom agreements: landlords beware

A telecommunications agreement, or wayleave agreement, is a contract between a service provider and a landowner which allows the service operator access to install infrastructure on the privately owned land, in return for wayleave fees.

We have always been impressed with the speed and reactivity displayed by the Clarkslegal Commercial Property team and their ability to make complex situations seem more straightforward.” 

Crown Europe

“It has been an immense pleasure to work closely with this firm that takes great care of its clients. The professionals are of the highest calibre and diligence.” 

Orkhan Eyyubov, Founding Director – New Canada Capital