Premises, SIPPs and Inheritance tax on death post March 2027
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Once upon a time it was very attractive to have your business premises held by your Self- Invested Pension Plan (SIPP) or similar arrangement. That was back in the day when pensions were outside of the scope to Inheritance Tax (IHT) on death, which is scheduled to end for those dying after the end of […]
The Importance of Lawyer Advice in Commercial Lease Agreements
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Safeguarding interests for both landlords and tenants A commercial lease is often one of the most significant and complex contracts that a landlord or tenant will enter into. Whether leasing a small retail space or a vast industrial unit, the terms and conditions embedded in a commercial lease have lasting implications for both parties. Engaging […]
Commercial Leases: The Importance of Break Clauses
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A break clause is a provision in a lease that allows either the landlord, the tenant, or both to terminate the lease early on specified terms and dates. Its inclusion can have a substantial impact on the long-term viability and adaptability of a business. When entering into a long lease for commercial property, both landlords […]
Tenancy at Will in Commercial Property
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A tenancy at will in Commercial Property is a type of lease arrangement that allows a tenant to occupy a property without a fixed term, meaning it continues until either the landlord or tenant decides to end it. This arrangement offers flexibility but also lacks long-term security for both parties. There are advantages and disadvantages […]
Commercial Property Leases and Security of Tenure – Part II of the Landlord and Tenant Act 1954
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“My tenant mentioned ‘security of tenure’ so I thought I should check with my Solicitor what that means for me”. These were the words spoken to me by a landlord client recently who had just been told by an informed tenant, in no uncertain terms, that they had a right to remain in the property […]
Understanding Sections 24 to 28 of the Landlord and Tenant Act 1954
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The Landlord and Tenant Act 1954 (the Act) has long been a cornerstone of the legal framework governing commercial tenancies. Within this seminal piece of legislation lie various sections that outline the rights and obligations of both landlords and tenants. Sections 24 to 28 outline provisions regarding the renewal of tenancies, offering essential protections and […]
COVID-19: Advice for businesses in turbulent times
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These are unprecedented times for us all. The Covid-19 pandemic has disrupted supply chains, logistics and services, and, importantly, consumer demand. What is the most difficult element in all this is (to quote a veteran Hollywood scriptwriter) that no-one knows anything. The surfeit of contradictory information simply adds to the feeling of uncertainty in already […]
BREXIT: What Does the Future Hold for the Property Market?
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“Out of Europe twice in a week” was an accurate summary, I thought, as I watched the highlights of the England football team being dumped out of the European Championships by the minnows of Iceland.
Government Extends Permission to Convert Office to Residential Developments
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Brandon Lewis, the Housing and Planning Minister, recently announced that the Government has permanently extended the permitted development of office-to-residential properties.