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We recently acted for Scottish-based PMP – an independent consultancy providing specialist commercial property advice – in securing a five-year lease in Manchester, the company’s first permanent office location in England.
On 1 March 2019, Her Majesty’s Revenue and Customs (HMRC) is reducing the time limit that purchasers have to file a Stamp Duty Land Tax. These changes have been a long time in the making and will impact the procedures needed to be followed by those acquiring property, so as not to fall fowl of any fines
Case review 04/01/2019
The Court of Appeal has held that if a landlord grants a license to a tenant to permit alterations that are prohibited in the lease, the landlord could be subject to an action from another tenant in the building.
The government has recently sought views on their leasehold reform proposals, to which Kennedys have provided a response.
Case review 24/10/2018
The Court of Appeal have unanimously refused permission for the judicial review of a local authority decision to grant a lease extension, due to the failure to support an allegation that it amounted to state aid.
Case review 15/10/2018
The Supreme Court have dismissed an appeal ruling that local authorities can restrict the type and class of tenant who can rent rooms in a house of multiple occupancy (HMO).
The legislation in respect of a house in multiple occupation has been amended by the Licensing of HMOs Order 2018. This legislation brought smaller rented properties into the HMO licensing regime and is part of the government’s stance on getting tough with landlords who rent out unsuitable accommodation to large numbers of people.
Technology’s potential to transform how we live and work is more apparent than ever. We have seen this in finance, health services and transportation. The growth of click and collect and companies have radically altered our spending and eating habits, forcing changes in such areas as the retail, leisure and industrial sectors.
Vacant possession is a term we commonly use in real estate when selling a house, commercial building or when acquiring a leasehold interest.
Whatever type of commercial property you are looking to rent, careful consideration is needed before entering into a commercial lease arrangement. All elements of a lease need to be understood and successfully negotiated to minimise misunderstandings and save time and money.