PropertyLaw.guru Blog

EG 25-07-20

News P.19 Law Commissions report on Commonhold and leasehold reform noted. As one comment says, why would developers set one up if there is no financial advantage and lenders won’t lend on it! Also, in my experience flat owners don’t want to be directors of management companies or manage the building, but whinge about the maintenance and service charges all the time. Don’t expect changes
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New Use Classes summary

Brill summary of the new use classes from BLP - click here  - a must read!https://www.bclplaw.com/images/content/1/9/v2/191419/Client-Flyer-UCO-final.pdf
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EG 18-07-20

News - a boom in demand for data centres, comm prop prices set to drop 10%, predicted demand for flexible space as offices re configure for the post-virus world. P.22 - the proposed radical Permitted development planning reform could see retail to resi conversions rocket. Councils who bought lots of comm prop are now unable to balance budgets and are cutting servicesLegalP.35 Covid clauses
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EG 11-07-20

EG 11-07-20p.13 Editorial call for retailers to pay landlords where they can - comm prop owners aren’t all rich! p.13 - Tesla isn’t paying rent, Frasers, Boots, JD Sport etc. Mike Ashley plans to withhold rent indefinitely for Evans Cycles, which has been doing really well!P.17 West End landlords also badly affected, with no tourist trade for their retailers.. Turnover rents are being demanded
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EG 04-07-20

Not so much covid news this week. Talent supplement is interesting reading about the new skills employees need to deal with the post covid world - home working etc, leadership, unlocking diversity, how to use zoom meetings and be effective - being clear, direct and warm.Legalp.83 Covid & Dilaps claims.  Good article looking at th defences and arguments may arise from the pandemic.  Supervening
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EG 27-06-20

News section - lots of really interesting articles about the future of offices post pandemic - many predicting that in fact flexible workspace will grow as companies shy from long term commercial lease commitments given uncertainty in their market. Many articles well worth reading if you see yourself as something more than a paper-pushing-instruction-follower! Well worth spending the time to read these
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EG 20-06-20

NewsRetail out, co-working spaces in at London’s Westfield shopping centre - the owner is going to turn the 100,000 sqft  House of Fraser store into a co-working space à la WeWork!! Also use class D2 dance hall experienceIKEA doing residential property development in Enfield - will they come with furniture included?HofL call for greater scrutiny of pre-pack deals where the business is sold
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EG 13-06-19

NEWS p.13 New voluntary code or practice to be issued to reduce the tensions between Landlords and Tenants over rent payments, not altering lease terms, ‘rent payment plans’ to avoid forfeiture claims, insurance and service charges (possibly reduced where the property isn’t being used) to be paid as a priority, p.15 Flex office space - 50% rent rent reductions but business starting to pick
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SuDS adoption down the drain?

The proposed issue of Sewers for Adoption 8th edition has been binned by Ofwat issuing a revised system making Water and sewerage companies (WaSCs)to take over and adopt surface water sustainable drainage areas. Whilst WaSCs are undoubtedly the best organisations to run and maintain these facilities - vital to ensure new homes are not flooded, it means that the more sensible mandatory standards in
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EG 06-06-20

News - p.12 Travelodge is filing for a CVA to sidestep paying half its rent, international investors are buying into UK REITs while their shares are cheap following their drop in price caused by Covid, 73% of the global workforce wants to keep working from home on some level post-covid, social distancing requirements changing office layouts, and even widening pavement layouts, a move from London to
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