If when you bought your flat, it had a short lease of 80 to 90 years remaining or less, you could be burdened with the unexpected costs of a lease extension.
Articles
Articles by ‘Caroline Preist’
The break clause is a useful tool, allowing flexibility to end your lease early if your plans change or things do not work out. However break clauses almost always have strings attached, many of which are onerous for tenants.
Recent figures from the Metropolitan Police indicate that prosecutions for squatting in London have fallen dramatically in the eighteen months since the legislation making squatting illegal in residential properties came into force. In the first few months prosecutions hit a peak of 28 in a single month but are now steady at single figures. The legislation therefore appears to be effective in deterring squatters from entering peoples’ homes.
The High Court has recently been dealing with a number of valuers negligence cases that arose out of the sharp fall in values at the start of the recession.
From today (6 April 2014), where a tenant of commercial property is behind in rent, the landlord can no longer enter and seize the tenant’s goods in payment, unless he first gives seven days’ warning.
Where a tenant of commercial property is behind in rent, Distress (or ‘Distraint’) entitles the landlord to send in a bailiff to seize the tenant’s goods, and then sell those goods to pay off the rent arrears. From 6 April 2014 this ancient remedy will be thoroughly overhauled.
A recent case highlights the importance for lenders and landlords to obtain sufficient assurance that an individual entering into a guarantee agreement has received independent legal advice. Lease obligations The court held that the…