In September 2018, the Royal Institution of Chartered Surveyors (RICS) published a professional statement entitled ‘Service charges in commercial property, 1st edition’.[1] The statement is intended to set a marker for the standards of management required in commercial property leases. It…
The High Court has recently handed down a judgment[1] in a much anticipated case of Canary Wharf v European Medicines Agency (EMA).[2] The EMA entered a 25-year lease for its London headquarters with the Canary Wharf Group. It is understood that…
Under the current law,[1] a developer can make an application to the Upper Tribunal (Lands Chamber) to discharge or modify covenants if the Court is satisfied that the covenant impedes some reasonable use of the land, such as it being contrary…
In the Autumn Statement 2015,[1] the government announced, amongst other things, that it will reduce the stamp duty land tax (SDLT) filing and payment window from 30 days to 14 days. The change will be introduced by the Finance Bill…
The Court of Appeal allows a privately owned commercial port to be registered as a Town and Village Green The law surrounding Town and Village Greens (“TVG”) is complex and can have a great impact on the value of commercial land.…
Before buying or renting commercial property, business owners and investors must consider whether a transaction will be subject to Value Added Tax (VAT) on the sale price or the rent. It is a consideration that should be taken into account…
The European Medicines Agency (EMA) is an anchor tenant in Canary Wharf. In 2011, EMA entered a 25-year lease for its London headquarters with the Canary Wharf Group. It is understood that EMA is required to pay rent of approximately…
In the UK there are two main types of legal ownership of a property: freehold and leasehold. As a first-time buyer, it is possible that you might be looking to purchase leasehold property. If you are looking to buy a…
In 2017 the number of first-time buyers in the UK reached its highest level in more than 11 years. That number is likely to increase further due to changes to Stamp Duty Land Tax (SDLT) and Government policies such as…
The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 (2015 SI No. 962) were put in place to meet obligations to improve energy efficiency under the Energy Act 2011, and to meet the UK’s targets for CO² reduction. These rules were brought…
