PropertyLaw.guru Blog

EG 17-08-19

p.21 & 25/26  Interesting Editors comments on the long awaited IPO for WeWork, including a lot of WTFing (quote!). I think WeWork’s approach is transformational in office provision and both landlords and tenants need to rethink the way they do business in the modern world, which includes us lawyers. WeWork may be losing billions ($1.9bn!) and full of hype (like Tesla), but change is a coming…(or
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EG 03-08-19

p.51 Enfranchisement - goes briefly through the historic reasons why the different regimes exist (LRA67, LRHUDA93 & CLRA02) and why it isn’t fair and calls for a simple and accessible solution with lower costs involvedP.52 Landlord’s works - who repairs - and who ultimately pays? Looks at the Blue Manchester case where the freeholder who bought the reversion for £400k is facing a bill of several
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EG 27-07-19

P.35 Fascinating article about how the Belgian town of Roeslare’s town centre is now thriving after adopting all the Grimsey Review recommendations on retail, whereas here its just  one CVA after another…P. 37 The UK’s real estate investment market is still the third biggest in the world (after US & Japan), despite sharing to £564bn last year..Should be plenty of comm prop legal work
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EG 20-07-19

p. 74 Bizarre Diary story about planning permission granted for 15 flats converted from some grim light-industrial units in Watford - 7 will have NO windows in the gable roof conversion, - PD rights despite the planning inspector commenting that the lack of windows or any natural illumination ‘would not be a positive living environment’. Can’t wait to see the sales particulars for those…That’s
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EG 13-07-19

P.27 Manchester - predictions for the future of the city….P.49 Rent arrears and service charge apportionment differences between share sales and asset sales. A must for anyone dealing with corporate support property work. Either Completion accounts or apportionment schedules can be used.Excellent summary of the key factors, but have a double expresso first before you read it!P.51 Restrictive covenants
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EG 6-7-19

P.22 Brexit frustration appeal canned. The proposed EMA appeal has been shelved after EMA sublet the *whole* building to WeWork until the end of the lease. This just goes to show how WeWork and flexible work space is going to transform office usage IMHO and the decline of the commercial lease as the norm for office space usageP.63 The new Telecommunications Code’s complexity and security of tenure.
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Lease Extension information and calculator!

All the relevant consultation papers and so on regarding Lease extension can be downloaded from here http://ow.ly/SfvR50uROMYAlso check out Richard Murphy's excellent calculator and ready reckoner at https://www.richardjohnclarke.com
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New SDLT guidance on gardens and resi.

SDLT on gardens or grounds - new guidance issued on 25th June. See http://ow.ly/KOpu50uQEEffor some more pages, not as good as the guidance at the WRA on LTT but helpful nonetheless..
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EG 29-06-19

p.33  Shape of things to come? Spelthorne Borough Council (who? where?) earned as much (£7m) from the £1billion of commercial property it quickly bought (on cheap loans from the Public Works Main Board) as it did from rates! Is this what your local authority is going to do? If so, cosy up to them and get some work! p.47 Interesting article about the BPF’s Red Flag clauses for a CVA, which
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EG 22-06-19

p.45 5G Failing to make the connections. Anecdotally there is a big standoff preventing the roll-out of 5G as landlords are hostile to surrendering their rights forever for peanuts to operators under the new Code, given the permanent nature of the rights given and the low rents given under the valuation. Warning if you have one on a site or are thinking about granting one.P.26. First sign of the death
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