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Commercial Property Category

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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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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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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31st May 2018
A business lease break clause can allow tenants or landlords to end their lease early. This can be useful for a tenant as it allows them to step out of the lease if their business fails to thrive while it can give a landlord the option of ending a lease if a stronger tenant comes along or they need the premises back for other reasons.…
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05th April 2018
If you are thinking of buying or renting commercial property your solicitor is likely to recommend you undertake a series of searches through official records before you commit to a purchase or a tenancy. These searches are important as they will throw light on a range of matters including environmental issues and aspects of the property’s planning history that a review of legal title may…
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12th January 2018
If you are planning to sell or let a property it is important to be able to produce all the necessary documents that your buyer or tenant will expect to see as part of their investigation process – delay at any stage of your transaction will have a knock-on effect on the deal and could even put interested parties off altogether. So, what is it…
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21st December 2017
The requirement to provide an Energy Performance Certificate (EPC) when you sell or let a property is not new but on 1 April 2018 the new Minimum Energy Efficiency Standards (MEES) come into force. The MEES regulations stipulate that, from April onwards, landlords must not grant a new tenancy on any property with a low EPC rating (less than E), nor extend or renew an…
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27th October 2017
Since a High Court ruling in 2016 regarding the sale of a South London property by a fraudster claiming to be the registered owner, more emphasis has been placed on protecting properties from property fraud. Unfortunately it is possible for skilled impersonators to sell your property or take out a mortgage without your knowledge, leaving you with the debt or without the property. Some properties…
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13th October 2017
It is surprisingly easy to become someone’s business partner. Legally, a partnership exists when two or more persons carry on business in common with a view to profit. So if you and your friend carry on a business activity, hoping to make some money from it, you may well find that you have started a partnership. It really is as simple as that. Precisely because…
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