Category: Commerical Property
February 2012
Break Clause - Late Payments Could Cost You Dear
If your Lease contains a break clause then you have the right to terminate before the end of the term. But beware!
February 2012
Finance Act 2012 - Capital Allowances
Capital Allowances are a form of tax relief which can be set against Income or Corporation Tax. They are based on the capital expenditure incurred on the provision and installation of certain assets within a commercial building.
February 2012
The Government's Proposals to Boost the Housing Marketing
On 1 February 2012 the Minister for Housing and Local Government made a written statement updating the Government’s action on housing following the publication of its housing strategy in November 2011.
February 2012
Protect Yourself from Property Fraud
The Land Registry has reported major issues with fraud involving properties which are not occupied by the owner. If you own property which you do not occupy personally we can advise you on the ways in which you can protect yourself from becoming the subject of such a fraud.
January 2012
First Time Buyer SDLT Relief To End
Currently if you are buying a residential property as your main residence for a price not exceeding £250,000 and you are a first time buyer, you may not have to pay Stamp Duty Land Tax on the purchase price. This concession expires on 24 March 2012, with the effect that, any purchase with an effective completion date of 25 March 2012 or later cannot benefit from the relief, even if the contract for the purchase of the property is dated before that date. The relief gave a saving of £2,500 on a house purchase of £250K.
January 2012
Section 25 Notices - Are you due to renew?
I have been contacted by a client in a complete panic asking me to get him out of a hole. He had a lease of business premises within the protection of the Landlord & Tenant Act 1954, the contractual term of which came to an end on 31 December 2011. In June of last year he was served with a non-hostile Landlord’s Section 25 Notice terminating his tenancy as at 31 December 2011. The Notice stipulated the terms upon which the Landlord was prepared to agree a renewal. My client had no issue with those terms and so simply filed the Notice, assuming the renewal would just take its course. Sadly, he didn’t advise me of receipt of the Notice and now finds himself in the position of having received a letter from the Landlord’s Solicitors demanding vacant possession in two weeks' time.
November 2011
Ministry of Justice to Criminalise Squatting in Residential Buildings
The Ministry of Justice (MOJ) has published a response to the Consultation Paper “Options for Dealing with Squatting”.
June 2011
Feed-In ("FIT") Tariff Leases
The Feed-In Tariff (FIT) scheme which was introduced by the Government on 1 April 2010, promotes the widespread uptake of a range of small-scale renewable and low carbon electricity generation technologies.
