Overage Agreements – a popular, but potentially risky route for a seller to try to secure a share in any future uplift in the value of the land that they are selling. To explain, an Overage Agreement is an agreement between a buyer and seller,...
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As the demand for housing continues to rise year on year, many landowners are looking at the possibility of selling their land to developers. Given the flexibility of such agreements, Option Agreements are becoming an increasingly popular choice for...
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It is well-documented that house prices have increased and the recent end to the Stamp Duty Land Tax break has meant the property industry has been in overdrive over the past few months. There are still looking to take perhaps their first step into...
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For those currently in the process of trying to buy or sell a property, they will be well aware of the extension to the Stamp Duty Land Tax scheme ends on the 30th June 2021. As we all know, this was a scheme put in place by the Government to assist...
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From June 1st, the ban on evictions for tenants comes to an end. During the pandemic and the various lockdowns throughout the UK in 2020 and 2021, the government announced a complete ban on evictions so that those struggling to meet their rental...
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At the end of March, we published the news that the Court Service will suspend all ongoing housing possession actions. This was seen as a huge relief to those who had been affected by the pandemic. Courts were due to resume dealing with cases...
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If you are a Tenant, and you have come to the difficult conclusion that it is no longer viable to continue your Lease (even if you can renegotiate the rental payments), then you may want to consider what “exit” options you have. We have set...
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As the famous idiom goes “better the devil you know” – we have considered various ways in which the COVID-19 pandemic could impact a commercial property transaction. Prior to exchange of contracts, parties may experience the following...
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Leases commonly include an obligation on the Landlord (or the Tenant, if the whole of a property is leased) to insure against named “Insured Risks” connected to damage and destruction of the Property which in turn can trigger: Rent...
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It is not surprising, that many Tenants will be reaching out to their Landlords for a good faith arrangement whereby rent is either temporarily reduced or suspended to tide them over during this uncertain time. A Landlord is not obliged to accept...
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