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Latest Business News
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RICS Publishes New Guidance Note on Technical Due Diligence of Commercial Property
On 13 January 2020, the Royal Institution of Chartered Surveyors (RICS) published a new guidance note: “technical due diligence of commercial property (first edition).” This guidance is designed to apply globally and will replace the current, separate guidance notes for England and Wales, Australia, New Zealand and Continental Europe. It will take effect on 1 April 2020.
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What is a Full Repairing Lease?
A full repairing and insuring lease (“FRI Lease”) is a lease in which the tenant takes on all of the costs for repairs and insurance for the property being leased from the landlord.
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Seeing Red with Commercial Property Boundaries?
Red tape, red pens, and red sealing wax have all been used to signify something important, a correction or authenticity. Commercial Property owners would therefore assume that the red lines on the title plans mark the exact line of the property boundary. However, this is a common misconception and the red lines cannot be relied on as the exact location of the demise of a commercial property.
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Severing Restrictive Covenants in Employment Contracts
Restrictive covenants, a clause in a contract that restricts an employee from certain activities once they leave an employer, have been used extensively in employment contracts.
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Do I have to pay Inheritance Tax on my parents’ house?
Do I have to pay Inheritance Tax on my parents’ house?
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Government Proposals to Require EPC Rating of B by 2030 for Non-Domestic Private Rented Buildings
The government is consulting on a proposal to raise the Minimum Energy Efficiency Standard (MEES) for let commercial buildings (referred to as non-domestic private rented buildings).
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New Build Nightmare?
Local news has recently reported on Corby developments where dream homes have turned out to…
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How Does a Company Pay Variable Dividends to its shareholders?
A company will be unable to pay different rates of dividend to its shareholders unless it is clearly provided for. Failure to do so can result in the dividend being unlawful, resulting in the company’s directors being in breach of their legal duties.
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“My Word is my Bond” No Written Contract, Can’t Prove Agreement…….What Next?
The law recognises only one contractual arrangement, and that is a legally binding contract between two or more parties. It is perfectly possible to have an oral contract with nothing written down, written contracts are just easier to identify because, for one thing, you can point to them.
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Agricultural Occupancy Conditions (Agricultural Ties)
What are Agricultural Occupancy Conditions, also known as agricultural ties, on properties and can they be removed? Rural properties for sale can sometimes seem too good to be true and potential buyers should always be aware of the possibility of an Agricultural Occupancy Condition (AOC).
