No doubt you will have seen one of the headlines from the Chancellor’s budget on 29 October 2018 is that first time buyers’ relief for Stamp Duty Land Tax (“SDLT”) is to be extended for first time buyers of shared ownership properties(and applied retrospectively). In this note Adam Crawford, Partner and Head of New Build
The government’s Help to Buy ISA savings scheme has been around for a few years but in this note we look to clear up the confusion of if, how, and when it can be used for the purchase of a shared ownership property (a shared ownership property is where you part buy and part rent
This may well be the feeling of many commercial landlords when faced with an application for relief from forfeiture by their commercial tenant. Particularly since the landlord may have already failed to receive rent for several quarters or suffered several breaches of the lease. As a brief reminder, the forfeiture of a commercial lease by
Following the vote to leave there was the almost obligatory reporting from estate agents that there was a sharp drop in buyer interest and it would have been easy to conclude that the housing bubble would finally burst. However, after almost three months since the vote there is evidence to suggest that the housing market
Today the Supreme Court issued the eagerly awaited judgement in the Marks and Spencer v BNP Paribas case.
In this case, a landlord granted to M&S a lease from 2006 to 2018. The rent was substantial, and the lease included a car park licence fee, a service charge and an obligation on M&S to reimburse the landlord for the costs incurred in insuring the building. The lease entitled M&S to determine the lease
Introduction Overview of the principle of waiver of the right to forfeit a commercial lease. Still a significant amount of uncertainty. So what is waiver? Lease sets out what the tenant must and must not do and the landlord relies on those terms to be able to forfeit the lease if necessary. Landlord can still
“The case of Arnold v Britton and others  is the type of case which, some might say, could well give the Law the reputation of being an “Ass”. Arnold v Britton is a contractual interpretation case. The case was about the service charge provisions in leases of chalets. It is “ a rare example
As residential property management continues to be more regulated, many landlord clients are seeking to diversify their portfolios and invest in commercial property, particulars with current rate of returns. The principle advantages of commercial property are: 1. You can exclude by agreement a tenant’s security of tenure. This is not possible with residential property; 2.
Immigration check rules are still being piloted in the Midlands where a landlord must make checks on a prospective tenant’s immigration status, if they fail to do so then action can be taken against them for renting a property to an illegal immigrant. Under the scheme if a landlord breaches the rules the fine is
The Government’s proposed Housing Bill will give approximately 1.3million Housing Association Tenants the ‘Right to Buy’ their home. The Bill seeks to extend home ownership which forms a key part of the new legislative agenda for the Conservative Government. To fund this policy the Housing Bill will require Councils to sell their most valuable housing
If you are a landlord and you received a tenancy deposit before 7th April 2007 and the tenancy became a periodic tenancy after 7th April 2007, then you must register that deposit by 23rd June 2015. It may be that a fixed-term tenancy was entered into before 7th April 2007 but the tenant has remained in situ without a
From 26th May 2015, Londoners looking to rent out their properties for up to 90 days per year will no longer need to apply for planning permission to do so. This brings London in line with the rest of the Country. Thousands of properties in the capital are rented out on a short term basis