Commercial Property
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Legal Article

Time for a Change - Tenant's Alterations in Commercial Leases

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…

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Legal Article

RPDT - Residential Property Developer Tax

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

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Legal Article

The (continuing) emergence of turnover rents

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…

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Legal Article

Commercial Property - The Road to Net Zero?

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

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Legal Article

Government update on Commercial Tenant Rent Arrears

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…

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Legal Article

What is Independent Legal Advice and when is it used?

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

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Legal Article

Environment Bill

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…

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Legal Article

Criterion Buildings Ltd v McKinsey and Company Inc (UK) and another

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…

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Legal Article

Glossop Cartons and Print Ltd v Contact (Print and Packaging) Ltd (2021)

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…

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Forbes News

Forbes Solicitors Supports Purchase of Popular Restaurant Property

04 Nov 2021

Forbes Solicitors has advised on the purchase of a renowned Blackburn restaurant property as part of a local entrepreneur's plans for investing £10million across Lancashire. The law firm's commercial property team supported the purchase of the land that's home to The Clog &…

Commercial Property

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