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Business Category

16th November 2018
Many commercial property clients grapple with the question of how to categorise and document the occupation of a property. Whilst many landlords would like to get an occupier into their property as soon as possible, to cover the running costs for example, it is important to take care with the paperwork and ensure the documentation accurately reflects the intention of both parties from the outset…
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02nd November 2018
Writing in this column we have previously recommended everyone looking to acquire a property should undertake certain searches with the relevant authorities – because not all matters are apparent simply from a review of legal title. One of the most important searches is a water and drainage search, which can be undertaken with the water authority that serves the property’s local area. The results of…
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12th October 2018
When the United Kingdom voted to leave the European Union in March 2017, the pre-referendum campaign had made little mention of the implications for investors. The vote to leave resulted in a significant fall in the value of sterling and, in a no-deal Brexit scenario, sterling can be expected to fall again until the markets have adjusted to the new situation. For all its intransigence,…
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24th September 2018
Before buying a leasehold property it is important to understand there are fundamental differences between leasehold and freehold property ownership. Buying a leasehold property does give you the right to own the property – but only for the length of your lease. Many leases have long lives, up to 999 years in some cases, although where there is a leasehold interest there will also be…
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07th September 2018
Members of the public might consider that, on returning from their long vacation, our MPs will set about the most urgent tasks. You might not consider that one of the first matters that they will be dealing with is the Civil Liability Bill. The Government, following many years of insurance company lobbying and discussion, is seeking to impose a tariff on whiplash damages and increase…
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03rd September 2018
Many business tenants have an automatic right to renew their lease under the Landlord and Tenant Act 1954 unless their landlord can demonstrate that one of the seven specific grounds for opposition set out in Section 30(1) apply. As long as the tenant did not agree to dis-apply the Act when taking on the lease, then they may believe they are safe for the long…
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17th August 2018
As the retail behemoth House of Fraser continued its fight for survival last week, some good news was reported that made the company and its landlords raise their heads in hope. Following House of Fraser’s invocation of a Company Voluntary Arrangement (CVA) against a backdrop of rent reductions and the closure of a number of stores, potentially including Chichester’s own long-established outlet, the business was…
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27th July 2018
It seems difficult to remember a time when investment markets have been so driven by politics and government leaders instead of economic data and company results, nor a time when social media, especially US President Trump’s Twitter account, was so closely watched by investment analysts. For many reasons, 2018 is proving to be a memorable year. In March, President Trump announced steep tariffs on steel…
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14th June 2018
If you are considering buying or renting a property, your legal advisor may recommend various property searches as part of a sensible information-gathering process before you commit to the deal. One search on their list is likely to be an environmental desktop search to provide details of land use in the vicinity of the property, as well as information to help establish whether those uses…
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08th June 2018
There is usually a price to pay for extending the term of a lease – so what makes a lease extension an attractive proposition for owners of leasehold residential property? Well, for starters, as the length of the remaining term decreases so does the value of the lease. Furthermore, if you are planning to sell or take out a mortgage on the property, you or…
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