Reduced rates of Stamp Duty Land Tax (SDLT) will apply for residential properties completing between 8 July 2020 until 31 March 2021. The following rates apply for: First time buyers Purchasers who are not first time buyers but this being the only property…
The higher rates of Stamp Duty Land Tax (‘SDLT’) apply in England and Wales when a second property is purchased under certain conditions. It is possible to re-claim the higher rate of SDLT, which is effectively a 3% surcharge, if…
In his numerous press briefings and speeches in Parliament, the Chancellor, Rishi Sunak, has become synonymous with describing our current times as “unprecedented”. With reference to commercial property, this word could not be more apt. From 23 March all non-essential…
Most tenants have been asking their landlords for some form of assistance with their rent at least temporarily. Some have asked to pay rent monthly, some have asked for a deferral, and some have asked for rents to be waived…
The Coronavirus Act 2020 (‘the 2020 Act’) came into force on 25 March 2020 and sets out provisions aimed to assist commercial tenants affected by the situation caused by COVID-19. Section 82 of the 2020 Act will be of interest to…
Following the Government’s guidance to stay at home unless absolutely necessary, there has been some confusion over whether home-buyers and sellers can continue to market their houses, proceed to exchange contracts, or complete their purchase or sale when they are…
As the impact of Covid-19 continues to disrupt trade and commerce around the world, both businesses and individuals are trying to comply with their obligations under contracts already in place. This includes contracts relating to property, under which rent continues…
The coronavirus outbreak is already having a significant impact on businesses both large and small, with the knock-on effects resulting in many businesses and individuals struggling to meet their obligations under rental agreements. The government has made several announcements over…
The Case of The Fragrance Shop Stores v The Designer Retail Outlet Centres (Mansfield) General Partner Limited [2019] EWHC 1363 (Ch) offers some welcome clarity in the area of contracting out under sections 24-28 and 38A of the Landlord and…
As the summer holiday season approaches, people might be considering renting out their spare rooms or homes on a short-term basis on platforms such as Airbnb. This article will explore the possible legal risks that this can carry. If homeowners, particularly…
