PropertyLaw.guru Blog

EG 28-03-20

Coronavirus special?Newsp.15 The eviction moratorium - given a lot of the £2.5 BILLION of rent that should have been paid on the quarter day, 25th March, probably wasn’t! Meaning landlords of shopping centres, like Intu, already suffering want the government to support them as well as they can’t pay their mortgage debt payments! And also, the knock on effect is that the pension funds
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EG 21-03-20

P.17 Coronavirus pushes retail landlords to the edge..Given the drop in retail sales generally, the virus and the lockdown means many tenants will go out of business or will demand rent reductions from landlords, meaning landlords cant pay their mortgages…can government bail everyone out - and what about the banks?p.26 interviews with women on the EG future female leaders programme. Good bit of motivational
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EG 14-03-20

NewsBudget of course - abolish rates for RVs less than £51k, though most retailers wanted a higher thresholdBirmingham - office out, resi in - sites earmarked for office in the centre are now pushing for a residential & build for rent use!. A ‘wall of money’ from investors awaits such schemesLegalp.171 A second brilliant MEES article that is a must read showing with practical examples what
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EG 7-3-20

New slimmer EG with more compact layout!News storiesp.31 Big one is the possible insolvency of Intu (which runs many big shopping centres like Merry Hill in Birmingham and the Trafford Centre as it is sitting on £4.7 billion of debt! Its not just retailers that are under pressure, but their landlords are too.p.39 Average planning decision wait is  257 days - something to take into account when
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EG 29-02-20

P.49 AML for Estate agents, article about the AML  obligations on estate agents focussing on particular problems such as where the purchaser’s identity is withheld, where the rent is notified of the purchaser after the sale is agreed, what if the corporate seller does not match the details at Companies House.p.51 CORONAVIRUS!! What duties do landlords have? Pure Ls are unlikely to have sufficient
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EG 22-02-20

p. 34 Cannabis farming- Savills set up a project to identify suitable locations for *medical* cannabis farms! Which use class does that fall into. And would it be in breach of the ‘no-illegal or immoral user’ clause?p.40 Mainly for Students article about the basics of Government fiscal policy - GDP, base rates, exchange rates and so on. Worth a read..p.49 Multi-party Joint Ventures. Excellent outline
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RICS releases new e code for commercial leases

At last RICS has published this, to take effect in Sept 20. Updates the old one and it is now a professional statement. Excellent progress IMHO, read it athttps://www.rics.org/uk/upholding-professional-standards/sector-standards/real-estate/code-for-leasing-business-premises-1st-edition/But sadly the nicely designed tenant guide isn't updated but there is a more basic tenants guide which is a must
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EG 15-02-20

NewsFront page ad for CREWUK - a  commercial real-estate networking organisation for women US based now opening it seems in London - crew network crewuk.orgHatton Garden’s legendary jewellery and diamond district faces extinction as jewellers can’t afford the rents landlords are seeking!Tate Privacy overlooking- nuisance case - CA refuses to accept there is a right to privacy in the tort
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EG 08-02-20

News sectionNumerous stories about the repurposing of retail parks for residential use, pension funds planning to invest in build-to-rent, ‘explosion’ of live-work or co-living schemes outside the capital, an analysis of the London office market and where it is going, the turnaround of WeWork who will be looking to surrender leases, office development has significantly dropped in many regional
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EG 01-02-20

EG 01-02-20Market newsVarious news stories about retail being repurposed for either office or residential use.  Eg Bath Homebase is going to be turned into a mixed use retirement village, another The Collective work/live units approved at W9 and Stratford, also WeWork being turned down as a tenant by Ls who are worried that they could fold the groups SPV lessees at the end of the rent free! Don’t
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