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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101 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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1613 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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1573 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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1494 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 no...
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1409 Hits

Minimum Energy Efficiency Standards and Commercial Property

Minimum Energy Efficiency Standards and Commercial Property
Energy used to power non-domestic buildings in the UK accounts for 12% of the country's carbon emissions. It represents one of many challenges our government faces if we are to meet our legally binding carbon targets in 2025 and 2030 under the Paris agreement or, further, the government's previously pledged (but not yet binding) target to reduce ou...
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546 Hits

What is Shared Ownership?

What is Shared Ownership?
Shared ownership is a government-backed scheme offered by housing associations which allows you to part-buy and part-rent your home. Read our simple Q&As all about shared ownership. If you can't quite afford the mortgage on 100% of a home, you can buy a percentage share of your chosen property (typically between 25% and 75%) and then rent the p...
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1053 Hits

How to get on the property ladder

How to Get on The Property Ladder
It has been well publicised that getting on the property ladder is becoming a more difficult proposition for first-time buyers as lenders abandon the standard model of 10% deposit and a mortgage. We take a look at some of the alternatives on the market for purchasing that elusive first property. ​ SHARED OWNERSHIP Shared ownership involves purchasi...
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1683 Hits

Buy-To-Let Property Repairs - Who is Responsible?

Buy-To-Let Property Repairs - Who is Responsible?
Many people in the UK now own a property that they let out, but being a landlord brings legal responsibilities and you must make sure you know the rules. Our property law experts explain who is responsible for keeping a buy-to-let property in good repair. ​ ​LANDLORDS' OBLIGATIONS If you own and let out residential property on a short-term basis yo...
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1598 Hits

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