EG 13-07-1914-07-2019, 15:23
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
EG 6-7-1911-07-2019, 10:39
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.
Lease Extension information and calculator!02-07-2019, 16:55
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
New SDLT guidance on gardens and resi.01-07-2019, 15:14
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..
EG 29-06-1901-07-2019, 15:10
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
EG 22-06-1923-06-2019, 16:19
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
Comm Prop client identity protocol launched22-06-2019, 07:40
This makes a lot of good sense - follow this link http://www.propertyprotocols.co.uk/_uploads/downloads/LPSLG-protocol-on-client-identity---final-version-20-May-2019.pdfToo many buyers solicitors have been asking for unreasonable undertakings regarding identity from seller's solicitors. Perhaps something could similarly be used by residential conveyancers?
EG 15-06-1918-06-2019, 20:34
P.49 VAT - Reverse charges introduced from 1 oct 19. This means if you pay (as a business) for construction work, then instead of paying the VAT to the contractor, you pay it to HMRC with your VAT return, but can reclaim VAT in the usual way. This is to prevent VAT fraud in the construction industry. This could have profound effect on some development contracts IMHO. There are exemptions, it
EG 08-06-1918-06-2019, 20:34
p.57 Brill article setting out what landlords and managing agents have to do to comply with the Tenant Fees act 2109 that took effect on 1st June. A must - esp if you are a trainee still renting!P. 59 Another article about the business rates case in Hewitt v Telereal Trillium 2019 which held that even though no-one wants to rent a big old & dated empty office block, it still has a ‘rateable value’
EG 01-06-1903-06-2019, 11:59
P 49 Leasehold reform. A critical review of the proposed reforms - removal of s.21 notices, commonhold, community stewardship, Enfranchisement reforms - if you have been living under a stone for the last two years or not dealing with leasehold issues this will bring you up to date with where we areP. 51 Business rates - reports on the Supreme Court decision in Hewitt (V)) v Telereal Trillium