Category: property

Commercial Rent (Coronavirus) Bill by Nigel Targett

The ‘shackles’ which have been placed on commercial landlords will be partially released after 25 March.  This is due to the effect of s.82 of the Coronavirus Act 2020 coming to an end.  However, the Commercial Rent (Coronavirus) Bill is due to come into effect so as to introduce a scheme of arbitration for ‘protected …

Inspirational Leaders – in Conversation with Kelly Mills

In the second in our series of interviews with the inspirational women leaders at Coole Bevis, we speak to Kelly Mills, Partner. Kelly joined the firm in January 2022 to Head the Dispute Resolution team and in this interview talks about the circumstances that led her to choose a career in law, her top tips …

Ground Rent Reform Finally Arrives by Jonathan Everett

Jonathan Everett, Head of Leasehold Enfranchisement & Disputes, discusses the Leasehold Reform (Ground Rent) Bill which received Royal Assent on 8 February 2022. The Leasehold Reform (Ground Rent) Act 2022 (LRGRA 2022) will, when it comes fully into force, limit the ground rent chargeable on most new long residential leases to a peppercorn, effectively restricting …

Yes, you can still get a lease extension!

If you are a flat owner, you ought to be aware that your lease only gives you the right to occupy your flat for the term of your lease. As that term decreases, your flat diminishes in value, and a “short lease” can affect the mortgageability and saleability of the flat. One solution to the …

Rural Properties & Rural Businesses

While many in the UK’s countryside will be looking forward to the 12th of August, really not so glorious if you’re a red grouse, those with business in mind are likely to be more focused on 31st October. With a new British Prime Minister and Ladbrokes’s odds of a ‘no deal’ Brexit now 6/4 those …

“62 per cent of leasehold homeowners felt that they were mis-sold a leasehold”.

A concerning statistic from NAEA Propertymark. This article on City A.M. highlights the some of the many pitfalls that can, unfortunately, be associated with leasehold properties. It is vitally important to seek expert professional advice when purchasing a leasehold property, or when extending a lease. If you already own a leasehold property you may be aware …

EPC Requirements for Rental Properties

What has changed? From April 2018, the regulations concerning Energy Performance Certificates (EPCs) changed for rental properties (and commercial properties). The aim was to reduce wasted energy and costs for the tenant, help lower greenhouse gases and improve the condition of certain properties. The Minimum Energy Efficient Standards (MEES) requirement for residential properties let on …

Stamp Duty Land Tax (SDLT), seek specialist relief advice

SDLT replaced Stamp Duty in 2003. Instead of being a tax on documents, SDLT is a tax on land transactions and broadly covers the purchase or transfer of land in England. Once considered a relatively straightforward property tax, the introduction of the higher rate brought with it layers of complexity. The higher rate 3% on …

Equity Release

For homeowners, equity release lending is becoming more popular than ever for those who want to extract some wealth from their property. But what is it and why are more people choosing to go down this route? Equity release is a way of accessing the money which is secured in your property. It is available …

Basement, air space and sub soil leases can be acquired as part of a collective enfranchisement claim

Chapter I of the Leasehold Reform, Housing and Urban Development Act 1993 (LRHUDA 1993) entitles qualifying tenants of flats, through a nominee purchaser, to collectively enfranchise their building by purchasing the freehold. This entitlement includes acquisition of the interest of a tenant under any lease of common parts of the building, where the acquisition of …

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