on your side

Commercial Property Category

22nd November 2019
Leases granted after 13 October 2003 for a term of more than seven years are compulsorily registerable with HM Land Registry. As a Landlord you may think that this is purely a Tenant’s problem, however from a Landlord’s perspective it is important that you ensure your Tenant registers their Lease, as failure to do so will have implications for you as well as your Tenant.…
Read more
08th November 2019
When you hear the term “Stamp Duty”, you may automatically think of Stamp Duty Land Tax, the tax you pay on the acquisition of a “land interest”, such as your house. However, this is not the case, and in fact, Stamp Duty and Stamp Duty Land Tax are two different taxes. Stamp Duty is a tax on documents, one of these documents, which is the…
Read more
20th September 2019
Prospective clients looking for a law firm may find the Legal Services Consumer Panel’s Tracker Survey of 2019 interesting reading. The report is based on findings from a YouGov survey of more than 3,500 users of legal services over the last two years and so is a significant sample. The findings, in this time of comparison websites, that ‘shopping around’ is often a bad thing for…
Read more
16th September 2019
Most commercial leases are drafted to benefit landlords, particularly regarding repair, condition and decoration. Often, leases are fully repairing, obliging a tenant to upkeep, repair, and maintain the property without contribution from the landlord. Generally, a lease may oblige the tenant to put and keep the property in good and tenantable repair and condition. Depending on the state of repair of the property when the…
Read more
03rd September 2019
When buying a property, the standard deposit expected on exchange of contracts is 10 per cent of the purchase price. Of course, the nature of a deposit is to show a buyer’s good intentions and allow a seller to rely on the same, as leverage, to ensure their buyer fulfils their obligations under the contract. The deposit therefore acts as adequate security to ensure a…
Read more
17th June 2019
If you have been gifted a property or have acquired one at a significantly reduced price, you may wonder at your good fortune. What you may not have considered, however, are the potential implications of the Insolvency Act 1986 (as amended by the Insolvency Act (No 2) Act 1994) and its long-reaching impact. If at some point in the chain of title, which includes all…
Read more
24th April 2019
Option agreements and promotion agreements have become increasingly popular both with landowners and property developers – so what are they, when can they be used, and what differentiates one type of agreement from the other? Option and promotion agreements are ways of extracting capital from land with development potential. Both types of agreement give entitlement to an interest in the land – either to the…
Read more
04th April 2019
Last year marked the centenary of votes for women – this year marks a different centenary: it is 100 years since women were admitted to the law profession. Although Eliza Orme became the first woman to gain a law degree in 1888 it was not until 1919, an astounding 31 years later, that women were permitted to take any part in the legal profession as…
Read more
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…
Read more
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…
Read more
SIA Corporate Member Bronze