22 Jun 2022
It is common for tenants of commercial properties to wish to make physical alterations to a property during the term of their lease, to adapt the property to fit the tenant's way of working and to ensure that the property continues to meet the operational needs of their business. If the tenant…
Commercial Property
20 May 2022
RPDT is a new tax on profits of companies carrying out Residential Property Development activities, and is intended to cover the costs of replacement unsafe cladding. It will only apply on accounting periods which come to an end on or after April 2022. The tax will apply to profits above a £25m…
Commercial Property
10 Mar 2022
Turnover rent is a long-established concept in the UK, having been used since at least the 1980s. It became a hot topic throughout the pandemic; the number of turnover rent structures began to increase and many wrote that it was the future of retail. This had been fuelled by the uncertainty which…
Commercial Property
01 Mar 2022
In our previous edition we wrote about "green" leases and how the parties to a lease may seek to agree terms in a lease or side agreement that focus on improving the environmental position of a building. The parties (particularly a landlord) may simply be motivated by a desire to meet…
Commercial Property
18 Feb 2022
Recap of our June update In June 2021 we discussed that despite the Government being sympathetic towards commercial tenants during the pandemic, landlords were still able to reclaim rent arrears through the courts. The overarching advice from the Government in its Code of Practice was that…
Commercial Property
01 Feb 2022
Independent Legal Advice (ILA) means impartial advice provided by an independent solicitor. The idea behind an ILA is to protect an individual from signing any document before understanding the risks of the transaction. An independent advisor will sign a certificate confirming that they have provided…
Commercial Property
31 Jan 2022
On 9 November 2021, the Environmental Bill 2021-22 received Royal Assent, which became the Environment Act 2021. The bill passed three years after its first proposal to deliver and administer environmental considerations in the wake of Brexit. The aim of the bill is to create a stricter legal framework…
Commercial Property
06 Dec 2021
Introduction In the 2021 case of Criterion Buildings Ltd v McKinsey and Company Inc (UK) and another , the High Court had to determine whether landlords can decide how a service charge is proportioned across their commercial tenants. Facts McKinsey ('the Tenant') was one of the…
Commercial Property
03 Dec 2021
In the recent case of Glossop Cartons and Print Ltd v Contact (Print and Packaging) Ltd - which went to the Court of Appeal - it was held that a buyer seeking damages from a seller for fraudulent misrepresentation is still entitled to compensation despite agreeing a 'bad bargain'. The case…
Commercial Property
26 Oct 2021
As businesses tentatively begin to emerge from the pandemic thoughts may finally start to turn to future opportunities and challenges. It appears likely that the next major issue affecting the property world will be energy efficiency and environmental sustainability. With the increasing awareness of…
Commercial Property
