Landlord, Tenant and Property
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According to statistics provided by the Health and Safety Executive (HSE), asbestos is the single greatest cause of work-related deaths in the UK. Every year 1,000 people who have been involved in carrying out building maintenance and repair work...
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Whether you are a commercial landlord or tenant – beware of misrepresentation and claims for compensation under s.37A Landlord and Tenant Act 1954 First reported case on s.37A - Inclusive Technology v Williamson [2009] EWCA Civ 718 In this case...
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In the present economic environment, many tenants will be seeking to vacate premises, reduce the size of their premises or renegotiate their leases, so times are tough for landlords. Furthermore, tenants who were ‘good tenants’ or who seemed...
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People who want to buy a property but do not currently have the means to do so, or who simply want to be guaranteed the opportunity to buy it during a specified period or at some future date, will often undertake an option agreement with the owner. Under...
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Break clauses in commercial leases have probably received more attention from tenants in the last year or so than at any time since the early 1990s. For tenants seeking to break their leases, here are some pointers: • Make sure any notice to break the...
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Businesses in financial difficulties are increasingly seeking ways of ridding themselves of extra costs and, in many cases, premises let in more promising economic times are viewed as a substantial and avoidable liability, especially for businesses which...
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What happens when a landlord’s liquidity is in question? If you suspect that your landlord may be in financial difficulty you can find out by checking the Companies House website. This article sets out a brief guide to what tenants can do to protect...
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If you are a landlord it is vital that you are aware of the requirement, introduced in April 2007, that all deposits (for rent up to £25,000 per annum) taken by landlords and letting agents for Assured Shorthold Tenancies in England and Wales must be...
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The use of Capital allowances can be an easy route for businesses to offset their corporation tax liabilities by reducing their taxable profit. In a challenging market businesses may be suffering from cash flow issues and greater efficiency in their capital...
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WHAT IS A COMMERCIAL EPC? Most commercial property owners should have now heard about the Energy Performance Certificate (EPC) with its full roll out having taken place on 1st October 2008. An EPC is required when a building is constructed, sold or rented...
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The building sector in the EU accounts for nearly 40% of the EU’s total energy consumption. In order to achieve greater energy efficiency the EU has therefore focussed on increasing the energy efficiency of buildings. The Energy Performance of...
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If you have not already familiarised yourself with the requirements of Energy Performance Certificates (EPCs) it is recommended that you read part one of this article, which deals with EPCs in general (“Energy Performance Certificates”). This...
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Letters of intent are widely used in the building trade, because it is normal for both developer and contractor to wish to make progress on a building project without having to wait until the formal contractual arrangements have been fully agreed. However,...
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The effects of the current economic climate will be felt by both landlords and tenants of commercial premises but what can landlords do to get ready for the potential rise in the number of corporate insolvencies? Landlord’s remedies Imminent changes...
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A recent case stresses the significance of documenting every agreed term into the lease document. In June 2007 the Court of Appeal decided on the relevance of pre-contractual correspondence and in particular whether it could amount to a collateral...
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This is a guideline intended for clients of the firm who are interested in investing in SIPP properties. If you haven’t already, you will need to speak to an independent financial adviser if you wish to obtain further information about SIPPs. As...
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Capital allowances should form a significant consideration in most commercial property acquisitions, construction projects and tenant fit-outs. They allow taxpayers to deduct qualifying expenditure each year as an expense to reduce taxable profit. The main...
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A recent decision of the House of Lords may have opened the door for thousands of tenants of offices and other properties originally designed to be used as homes to be given the right to buy their properties. The Leasehold Reform Act 1967 gives a long...
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In 2007, a new code of practice for commercial leases was released following a long consultation exercise involving landlords and other interested parties. The code made a number of changes to the substance and detail of the then current practice. These...
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The The Town and Country Planning (Environmental Impact Assessment) (England and Wales) Regulations 1999 apply to any development likely to have significant effects on the environment by virtue of its size, nature or location. If a Local Authority fails...
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Stamp Duty Land Tax (SDLT) is a self-assessed tax. The onus is on the taxpayer to make the necessary land transaction return, calculate the tax and pay it across. This is a fundamental change. The old Stamp Duty regime taxed documents, so it was...
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Since October 2006, a revised protocol has applied where a social landlord wishes to gain possession of a property occupied by a tenant under a secure tenancy, where possession is sought on the grounds of arrears of rent. It does not apply to claims in...
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Living ‘above the shop’ is quite common in the small business sector and where the premises are rented, the lease will cover both the business and residential parts of the property. However, the statutory basis for repossession is quite different...
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The Disability Discrimination Act 1995 (DDA) – which was amended in 2005 – has caused concern amongst the owners of let properties for some time because of uncertainty as to the limits of their responsibilities to make the properties they let...
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Following a recent case in which a dispute regarding a property owner’s right to light was unexpectedly dealt with by the granting of an injunction against a developer, a more recent case has offered guidance on how much compensation might be payable...