Articles in ‘Real Estate’ Category

Law firm RWK Goodman has advised on the sale of two specialist dementia care homes by long-standing client and care provider Equality Care Limited. Equality Care Limited is a successful family-owned business operating specialist…

Law firm RWK Goodman has advised on the sale of a well-respected and long-established nursing home in Looe, Cornwall. Hillcrest Nursing Home, an 88-bed nursing and dementia home, was sold to Impact Healthcare REIT…

In recent years we’ve seen a trend of more and more people working from home. But did you know that in the case of rented property, this can change the legal relationship between the landlord and tenant, from a residential tenancy to a business one?

When acting for the vendor, you will typically market the property for sale, or offer the premises to let. You will have a written contract with the vendor, which will spell out, among other things, the terms upon which you are entitled to your fee. The contract is therefore essential.

As a landowner, when you enter into a contract with a developer – whether it is an option agreement, promotion agreement, land development agreement or a hybrid of these – you do so in the expectation that they will largely fulfil their obligations without the need to go to law to enforce them. But what if they do not?

To read the report from the Competition & Markets Authority (“CMA”) and see that the CMA understands the plight of so many leaseholders and the urgency to address their problems will give much needed comfort to them.

As the UK high streets continue to feel the heat, the nation’s retailers have called on the Government to take steps to relieve the pressure on the sector and ensure a level playing field with online rivals.

The effects of the unfolding coronavirus crisis on commercial property occupancy have been nothing short of seismic.

Pubs, restaurants and leisure centres across the country have closed. While not expressly told to close by the Government until 23 March, most retailers had already followed suit. All these businesses, along with many corporate occupiers – and their landlords – are feeling the pressure and grappling with the uncertainty.

As a commercial tenant, you’re safe – for now. However, the forfeiture moratorium under the Coronavirus Act 2020 is not a rental holiday. Unless you’ve agreed alternative arrangements with your landlord, your rent still falls due under the terms of the lease.

Commercial landlords: our Real Estate team offers guidance on dealing with tenants in these unprecedented times.

In his statement yesterday (23 April), Business Secretary set out measures to protect high street shops and other companies under strain from aggressive rent collection.

The Government has unveiled five new task forces devoted to vulnerable sectors of the economy.