on your side

Commercial Property Category

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
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
SIA Corporate Member Bronze