Commercial Property News

  • We have been working on a client matter that highlights the requirements of s190 of the Companies Act 2006 in relation to substantial property transactions that require members’ approval. This is something that should be remembered when a director or connected party is involved in a property transaction with the company.

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  • SDLT – Bolt from the Blue

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    In an unexpected move, as part of the 2016 Budget, the Chancellor announced from midnight on 16 March 2016, rather than paying the same rate on the whole value of the property, the new rates will only apply to the portion of the price that falls into a particular price bracket.

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  • SDLT – What’s it to me?

    • Posted

    From 1 April 2016, anyone buying residential property in addition to their main home will be subject to a 3% increase on the Stamp Duty Land Tax (SDLT) that would currently be payable on the transaction. SDLT is therefore currently high on the agenda for buy-to-let landlords and those seeking to buy second homes.

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  • Right to rent goes live across England

    • Posted

    Anyone with mixed use premises from 1 February 2016 needs to be complying with the new right to rent legislation or face a civil penalty of up to £3,000. Read more here about the requirements for private landlords of residential properties.

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  • Break clauses will usually include an obligation on the tenant to have paid the rents due, but what happens when the break date falls between rent payment dates? Is the tenant entitled to a refund of overpaid rent? In this article Kirsten Pratt discusses break clauses using the example of the recent Marks and Spencer plc v BNP Paribas Securities Services Trust Company (Jersey) Limited 2015 case.

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  • Landlords should be aware that there are some situations in which they could be subject to a sublease unlawfully granted by a tenant in breach of the terms of the head lease. Read more here about how the end may not be the end.

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