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When does the Right of First Refusal apply and what are the benefits?

When does the Right of First Refusal apply and what are the benefits?
​Part 1 of the Landlord and Tenant Act 1987 (LTA 1987) gives certain residential tenants a right of first refusal where the landlord is proposing to dispose of the freehold.Where the LTA 1987 is applicable, there is a prohibition on the freeholder making any disposal unless: i.the landlord has first served formal offer notices on the "qualifying te...
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510 Hits

How much holiday pay should a part-year worker get?

How much holiday pay should a part-year worker get?
A common formula for calculating pro-rata holiday pay has been ruled as incorrect by the Court of Appeal, meaning that employers must review their methods and contracts. UNISON intervened in the case, which has wide-ranging impact on British businesses that employ part-year workers.The Court of Appeal last week ruled that a teacher's holiday pay ha...
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536 Hits

Financial focus: Should you use your bank card abroad for your holiday spending money?

Financial focus: Should you use your bank card abroad for your holiday spending money?
The holiday season is in full swing, and those of us fortunate enough to be able to, are packing our bags, braving airport security and jetting off in search of some sunshine, and possibly a beach. There's lots to think about as a holidaymaker. How much clothing do you pack? How early do you have to get to the airport? Are any liquids less tha...
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243 Hits

Practical Completion in Construction Contracts and their affect on Agreements for Lease

Practical Completion in Construction Contracts and their affect on Agreements for Lease
Practical completion is generally the point at which an 'expert' will confirm that a building project is complete, except for minor defects that can be put right without undue interference to an occupier. An Agreement for Lease will rely on this date and problems often arise when deadlines are not met or the level of acceptable 'minor defects' is d...
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548 Hits

Essential Business Documents – The Shareholder Agreement

Essential Business Documents – The Shareholder Agreement
Often disregarded and kicked into the long grass, a well drafted shareholder agreement could save you from a nasty company dispute. Even if you are working with family or friends (sometimes especially if you are), this document will outline the 'rules' so that you all know where you stand and don't jeopardise relationships and the company. 1 A...
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  479 Hits
479 Hits

Long leasehold disputes - Alterations in residential properties

Long leasehold disputes - Alterations in residential properties
When you lease out your property you give day to day control to your tenant. However, sometimes a tenant can alter or use the property in a way that wasn't agreed. So, as a freeholder, what would do you do about unauthorised alterations in residential property that has been let on a long lease?Long leaseholds are normally for 99 or 125 years, altho...
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597 Hits

Financial focus: How do you protect your family cost-efficiently?

Financial focus: How do you protect your family cost-efficiently?
You write a Will. This will protect your family on many levels once you pass away. But how will the family survive financially? Our IFA answers this very important question...Chris Moore is an Independent Financial Adviser and has himself met with a member of our private client team to discuss his Will. Below he talks about financial planning&...
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392 Hits

Selling your business? Essential do’s & don’ts for the early stages

Selling your business?  Essential do’s & don’ts for the early stages
Whether you have received an unsolicited invitation to sell your business, or if a sale is part of your own carefully thought out plan, a successful sale will be heavily defined by events in the early stages. Our advice to business owners is always to hold your nerve, follow these important do's and don'ts, and seek specialist advice. Do take advic...
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255 Hits

Party Wall Act 1996 – the terminology

Party Wall Act 1996 – the terminology
When it comes to litigation, sometimes it is hard to identify exactly what it all means. The Party Wall Act 1996 is national legislation providing a framework to enable neighbours who share a boundary to carry out building works.​ Below we explain some of the legal terminology used, including the key 'Sections' of the Act that you need to take note...
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586 Hits

All you need to know about the Party Wall Act 1996

All you need to know about the Party Wall Act 1996
London has been the subject of Party Wall Legislation for a considerable period of time with specific legislation dating from the Great Fire of London in 1666! The extent of rebuilding required after the Great Fire was enormous. Building owners needed to cut in to neighbouring buildings for support in order to rebuild and so the first legislation w...
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  478 Hits
478 Hits

What Factors make my Divorce International?

What Factors make my Divorce International?
A number of factors can give rise to there being an international element to your divorce and it is important to consider these upon separation as they often provide an extra level of complication.If any of the below apply to your situation you may have an International Divorce:You or your spouse are a national of another country or have dual natio...
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  317 Hits
317 Hits

Commonhold Ownership - The Basics

Commonhold Ownership - The basics
All property in England and Wales is owned on either a freehold basis or a leasehold basis. Flats are almost universally sold as leasehold property. In 2002 commonhold was introduced to enable the freehold ownership of flats. However, since 2002 fewer than 20 commonholds have been created. So what exactly is it?Freehold is ownership that ...
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1997 Hits

Business and Property Courts - Pilot Disclosure Scheme

Business and Property Courts - Pilot Disclosure Scheme
On 1 January 2019 a new disclosure regime was launched for any matters in the Business and Property Courts. This is set out in CPR51(u) and aims to bring the process up-to-date and encourage greater efficiency.The primary CPR Rule dealing with disclosure is CPR31. This applies to all multi-track cases apart from personal injury....
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525 Hits

Company Articles of Association – FAQs

Company Articles of Association – FAQs
What are a Company's Articles of Association? This document, along with the typically smaller and more specific Memorandum of Association, is the Company's constitutional document. It is the rule book for the Company and governs most aspects of the Company's operations, extending to such matters as the conduct of directors, decision taking, voting,...
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  756 Hits
756 Hits

Rights Of Light And Development Of Land

Rights Of Light And Development Of Land
A right of light is the ability to enjoy the natural light that passes over land belonging to another, such as a neighbouring property, through the windows, sky lights and glass roofs in or on a property - often referred to as apertures. There is no automatic right to light but, if established, this right entitles a person to receive sufficient nat...
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1853 Hits

Personal Representatives v Beneficiaries; Home Improvements

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Where a Personal Representative (PR) is required to administer an Estate which includes a property in poor condition, can the PR make improvements to the property in the hope that a higher sale price can be achieved and does the PR need the consent of the beneficiaries to spend money to achieve this?PR's duties One of many duties of a PR is to iden...
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  1756 Hits
1756 Hits

Domicile for the purpose of an Inheritance Act Claim

Domicile for Inheritance Tax
When making an Inheritance claim, the domicile country of the deceased is an essential element of the Court's decision.​ Various eligible individuals identified within s1 of the I(PFD)Act 1975 may apply to the Court for an Order for a share and disposition from a deceased's estate where, either through their Will or by intestacy, no such reasonable...
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669 Hits

Forfeiture of a Commercial Lease – Is It Right For Me?

Forfeiture of a Commercial Lease – Is It Right For Me?
If a tenant breaches the conditions of a commercial lease the landlord is entitled to take legal action against the tenant if the lease permits. Forfeiture is the ultimate remedy available – but which way? Peaceable re-entry or Court proceeding? ​Forfeiture meaning - What is forfeiture of a lease? Forfeiture is essentially the legal remedy whe...
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1732 Hits

Negotiating an executive severance package

Negotiating an executive severance package
If you need to part company with a director, for the good of the business, it may not be appropriate to follow your disciplinary procedure. Our Employment Law team look at your options.Alex Pearce, an employment law specialist at Pinney Talfourd in Essex, looks at the issues you should consider, especially if you need to achieve a quick exit with m...
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2640 Hits

Holding the Seller and Buyer Each to Their Word – Exclusivity Agreements

Holding the Seller and Buyer Each to Their Word – Exclusivity Agreements
Have you tried to purchase a property and found yourself in a situation where you have been outbid or 'gazumped'?Or have you tried to sell a property, and found yourself in a situation where a purchaser pulls out during the transaction?The remedy to the above may be found in an exclusivity agreement between a seller and a buyer. Whilst this is not ...
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1691 Hits

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