The Leasehold and Freehold Reform Act 2024 became law in May this year. However, although it has secured Royal Assent, the provisions are yet to come into force. The changes that will be made under the act are likely to come into effect in the next couple of years. The changes will provide leaseholders with…
For commercial landlords and tenants, service charges are an essential issue to get right as they are one of the most common areas of dispute. They must be set at an appropriate level, each party must fully understand what they cover and there should be a clear process for resolving any problems that arise. In…
With widespread economic uncertainty and potentially difficult times ahead, commercial legal expert Jaron Crooknorth and disputes expert Alex Lyttle look at how to make sure your business is in the best possible shape to weather approaching storms. Jaron and Alex are both partners at Gloucester law firm Tayntons, where they head up the Commercial and…
With commercial tenants protected from eviction on the basis of rent arrears caused by the pandemic until 25 March 2022, the government has announced a new commercial rents code of practice. This aims to set out a clear process for dealing with debts in conjunction with the Commercial Rent (Coronavirus) Bill. Background The various lockdowns…
A shareholders’ agreement sets out the rights and obligations of shareholders and is a binding legal contract between the shareholders and the company. A well-drafted shareholders’ agreement can give members a say in the running of the company and prevent misunderstandings and disagreements from arising in the future. By asking an expert corporate solicitor to…
When a shareholder wants to sell their shares or leave a small company it can upset the equilibrium of the business. Sale to another shareholder could mean the distribution of shares and any accompanying voting rights becomes weighted in favour of one person to the detriment of others. There are ways to avoid this to…
When your lease expires, it can be an opportunity to renegotiate the terms before you sign a new version. If your lease is protected by the Landlord and Tenant Act 1954, you will have security of tenure, or a statutory right to renew the lease. You will need to inform your landlord that you wish…
For many people, their buy-to-let property provides an important source of income which they rely upon to service their borrowing, top-up their pension income, or just use as ancillary income. The vast majority of people within the buy-to-let sector are not large scale portfolio Commercial Landlords. To that end, several clients have asked about how…
It was over 10 years ago that law was passed to make it compulsory for the sale of the Property to have an Energy Performance Certificate in place. It is also a legal requirement for an EPC to be in place for letting of a residential or commercial property (unless one of the exemptions apply)….
The decision in Oakley & Others v Harper McKay relates to a commercial transaction. The Court’s decision re-affirms existing law and, on the facts of the case, the result is hardly surprising. Most buyers of commercial and residential property will choose to take advice from a Solicitor and are very unlikely to find themselves in…
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