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Business Category

01st February 2019
Imagine you own a building you have earmarked for redevelopment but, in the interim, you would like to continue earning returns on your investment in order to meet costly outgoings. So you agree to grant some short-term one-year leases to your existing tenants. One tenant has expressed an interest in staying a little longer and, because that suits your circumstances, you agree to give them…
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18th January 2019
When acquiring a property your solicitor is likely to recommend you undertake a variety of searches to get the full picture before you buy. A legal title review will not uncover every potential issue, so it is a good idea to undertake additional due diligence via a highways search with the relevant county council. This type of search will show the extent of the public…
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31st December 2018
Dispute resolution solicitors regularly receive enquiries from clients who have found themselves in dispute with a builder they have engaged to undertake works on their property. Such disputes can be complex, with problems often arising because the parties did not make clear from the outset what it was they were agreeing. In a perfect world, a formal contract that reflects or incorporates an agreed specification…
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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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