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Option Agreements: what are they and how can they assist developers?

Option Agreements: what are they and how can they assist developers?
Obtaining planning permission for a potential development can be a lengthy and costly process. As a developer you want to ensure that the development site is not sold whilst you are dealing with the planning process. However, you do not want to tie up all of your capital and purchase a property in haste which could potentially prove to be unsuitabl...
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25 Hits

Why a Cohabitation Agreement is so important to unmarried couples

cohabitation-agreements
Contrary to popular belief, there is no legal concept of "common law" spouse and the law relating to cohabiting couples is outdated. The law still does not recognise a living-together relationship outside of marriage or civil partnership.How does this affect your rights if you were to ever break up?According to the Office of National Statistic...
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31 Hits

Converting a civil partnership into a same sex marriage

Wedding-Rings-1
Since 2005 same sex couples have been able to enter into civil partnerships and since March 2014 to enter into a marriage. What is not so well known is that it is possible to convert a civil partnership into a marriage. Our Family Law Team look at how you do it and what are the consequences.Any couples who registered as civil partners in ...
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28 Hits

Real Estate: Restrictive Covenants Affecting Land

Real Estate: Restrictive Covenants Affecting Land
A restrictive covenant imposes an obligation to do something or requires expenditure e.g. an obligation to erect a boundary wall. This article looks at the benefits, how to enforce them and also how to modify restrictive covenants.A positive covenant is a different type of agreement and does not generally bind successors to the original party that ...
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87 Hits

Determined Boundary Applications; Agreed and Determined Boundaries

Determined Boundary Applications; Agreed and Determined Boundaries
When it comes to registering land, mapping was imprecise for a long time, meaning many old title plans can cause confusion over boundary lines. However, agreeing boundaries amicably with your neighbour is not always possible.  Where there is a dispute, a the Land Registry adjudicator will deter...
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27 Hits

Financial focus: Will I pay more tax on my second property?

Financial focus: Will I pay more tax on my second property?
Over the last few years tax rules have changed, making the ownership of second properties more complicated and often, more costly. The new rules focus on 'second' properties, which can be defined as any property you own that is not your main residence.This could therefore include any of the following:Buy-to-let propertiesSecond homesHoliday homesIn...
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64 Hits

Getting married abroad, what could go wrong?

Getting married abroad, what could go wrong?
It is reported that as many as one in four couples are now getting married abroad; tempted by more reliable weather, lower cost and a combined ceremony and honeymoon. Whilst a wedding on a white sandy beach seems idyllic, it may not necessarily follow that the marriage is recognised in England. A wedding abroad can cause many pr...
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143 Hits

Houses in Multiple Occupation FAQs

Houses in Multiple Occupation FAQs
What is a HMO? Why do I need a licence? Read our frequently asked questions about houses in multiple occupation (HMOs).   What is a house in multiple occupation (HMO)?A home is an HMO if the following conditions are satisfied:At least three tenants live there, forming more than one household; andToilet, bathroom or kitchen facilities are share...
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154 Hits

Applying for Adverse Possession

Applying for Adverse Possession
To acquire a right to be registered as the owner of land through adverse possession you need to meet three conditions:   The 3 conditionsFactual possession of the land (control over who uses it e.g. putting up fencing around the boundaries);Necessary intention to possess the land (use of the land as an owner e.g. building on the land or mainta...
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122 Hits

Leasehold Extensions – FAQs

Leasehold Extensions – FAQs
If you are a long leaseholder, you should be aware of how your lease can affect your property valuation. Leasehold extensions can be achieved in a few ways, but what suits you, your landlord, and your property best? 0 Advanced issues found▲  0 Advanced issues found▲     I have a lease of residential premises for 99 yea...
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147 Hits

Collecting Debts – The basics that every business should know

Collecting Debts – The basics that every business should know
Is your business owed money? Whatever the size of your company, just a few bad debtors can put a real strain on your business. We look at what you can do to recover debts yourself and when you should call in a lawyer.0 Advanced issues found▲  0 Advanced issues found▲     I am owed money, what can I do? The obvious firs...
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202 Hits

Break Clauses in a Commercial Lease - FAQs

Break Clauses in a Commercial Lease - FAQs
A break clause is a provision in a lease which enables either party (or both) to terminate the lease early. Our Property Litigation Team looks how to exercise this clause and the usually very specific terms you need to adhere to.0 Advanced issues found▲  0 Advanced issues found▲     When can a break clause be exercised...
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219 Hits

Deeds of Variation

Deeds of Variation
If you have just been given responsibility of handling a Will after a person's death you may find that updates are needed or that an unnecessarily huge tax bill is now due. "Do not panic" says our Contentious Trusts & Probate Team – it is still possible to make changes with a Deed of Variation, so long as a few rules are followed.You have ...
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210 Hits

What are property related professional negligence claims?

What are property related professional negligence claims?
If you hire a property professional, they have a duty to you to provide work of a sufficient standard. If that duty is breached and causes you loss, then you may well have a professional negligence claim. Typically, professional negligence in property matters relates to a property transaction and the professionals are solic...
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251 Hits

Commercial Lease Heads of Terms: what to look out for?

Commercial Lease Heads of Terms: what to look out for?
By the time solicitors are instructed on behalf of a tenant in relation to a new commercial lease, heads of terms have often been agreed between the parties. However, this means that they have missed a vital chance to negotiate specific terms within the lease which may be to their advantage. By seeking professional legal advice BEFORE agreeing term...
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285 Hits

Order of priority debts in administration

Order of priority debts in administration
The money realised from the assets of an insolvent company is applied to meet claims of creditors in a set order of priority. By definition, an insolvent company does not have sufficient assets to pay in full all the liabilities that it owes to its creditors. A primary function of administration and liquidation is to realise the assets of the insol...
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980 Hits

Financial focus: Which ISA is better? ‘Help to Buy’ or ‘Lifetime’?

Financial focus: Which ISA is better? ‘Help to Buy’ or ‘Lifetime’?
George Osborne launched the 'Help to Buy' ISA back in late-2015 as a way of helping struggling first-time buyers get that precious first foot onto the property ladder. They are still available today, but for a limited time only. Customers will not be able to open a new 'Help to Buy' ISA after the 30th November 2019. The 'Lifetime' ISA then came alo...
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268 Hits

What is a Highway?

What is a Highway?
The definition of "What is a Highway" is a matter that comes up surprisingly often in relation to both residential conveyancing, land development and litigation matters. In the recent case of Barlow -v- Wigan Council [2019] EWHC 1546 (QB), the Court had to determine whether a pathway in a public park constituted a public highway under the Highways ...
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227 Hits

The importance of naming Guardians in your Will

The importance of naming Guardians in your Will
There are various major events in your life that should prompt you to think about making a Will, one of which is the addition of a child to your family. This is because if you pass away, that person who you assume will care for your child isn't always the next in line!You have just had a baby. At such a happy time you would understandably not be th...
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619 Hits

Buying or selling property at auction

Buying or selling property at auction
Buying a property at auction can be a great alternative to the standard sale and purchase procedure. It is much quicker, it isn't reliant on chains and, when done right, it can yield great results for both buyers and sellers. If you are looking to buy or sell at auction we've included some advice for first time buyers and sellers below. Remember th...
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583 Hits

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