LeaseInfo’s Post

Good move but my worry is the drafters of the Lease and sheer consequences of the "cut and paste" - Template business. How the hell can any form of agreement not have a break clause? The inevitable could happen and reason Lawyers are engaged to protect the current and the future occurrences, you know the just Incase! For instance, the Landlord would wish to sell off the building or the Tenant just like this case wishes to close the business, move to smaller space or big space. What are they supposed to do? I mean it's just an "agreement" I take your space at a fee for XYX time. If I no longer need it, I give you notice to vacate and you give me back my deposit. Great lessons should be learnt because a win does not compensate costs incurred so far and time wasted. Agreements should be drafted from scratch no matter how many similar transactions have been undertaken. The inevitable could happen and a little keen on the particular matter could save a lot because the drafters carry the spirit of the agreement. https://lnkd.in/d9UAbxWY

The Leasehold and Freehold Reform Act 2024 has just become law, bringing major changes for leaseholders and freeholders. Our property associate, Wale Adenusi, has written a comprehensive insight highlighting the key points of this landmark legislation. 👀 Find out how the new law makes it easier and cheaper for leaseholders to extend their lease, purchase the freehold, and take control of their building management. Read the latest insight here: https://lnkd.in/gTdv9gJi #LeaseholdReform #FreeholdReform #PropertyLaw

The Law Association (previously ADLS) has issued the biggest update to the widely used form of commercial lease. While many of the changes are just updates to reflect general market practice, some changes are more material and could impact both landlords and tenants. Recommend reading the update from the team below....

📢 Update! Keep your lease fair and enforceable. Are you confident that your lease agreement will stand up in Court or before the Rental Housing Tribunal? Recent discussions have raised concerns about the enforceability of certain clauses, like the ‘administration fee’ charged to tenants. 🔗 Read our latest blog post to understand admin fees in SA rental law: https://lnkd.in/dzbEvwRU #mrisoftware #tpnfrommrisoftware #propertymanagement #propertyinvestment #propertymanagement #propertylaw #industryinsights

Aspects of landlord and tenant laws changed significantly following the introduction of the Leasehold and Freehold Reform Act 2024 on 24 May 2024. The Act proposes limited but significant changes to enfranchisement, including valuation, qualifying criteria and dispute resolution. This session looks at the detail of the Act, and includes practical advice on advising clients. Join expert speaker Mari Knowles as she explores key features of the Act, next steps for the Act, qualifying criteria, legal costs and much more. For more information, or to book your place, please see the link below: https://lnkd.in/eM8w4bs2 #MBLSeminars #OnlineLearning #Leasehold #Freehold

The UK's new leasehold legislations are here, and they could significantly impact property owners and buyers. 🏠 Make sure you're up to date with all the changes. Our latest blog post breaks down everything you need to know to navigate these new laws effectively. Read it here: https://zurl.co/f2N7 #PropertyManagement #LeaseholdReform

What’s Next for Business Tenants? 🏢 Are you a business tenant navigating the Landlord and Tenant Act 1954? Our latest article explores what changes might be on the horizon as the Law Commission conducts a wide-ranging review of this key legislation. Don’t miss out on crucial insights to help protect your business interests! 📖 Read the full article here: https://lnkd.in/ewym4JWX #BusinessTenants #LandlordAndTenantAct #PropertyLaw #RedkiteSolicitors #LegalUpdates #RealEstate #CommericalLeases

The newly passed Leasehold and Freehold Reform Act 2024 is set to bring transformative changes to property laws, affecting landlords and tenants alike. Key provisions include extended lease terms, a ban on leasehold houses, and more transparent service charge processes. Full details of the Act's implications and the anticipated changes can be found in our latest post. Stay informed and prepared for these significant updates. 🔗 https://lnkd.in/dcwiZjhT For personalised advice on how these changes might affect you, contact our experts Nicola Stewart or Anthony Shalet at Rooks Rider Solicitors LLP. #PropertyLaw #LeaseholdReform #RealEstate #DisputeResolution #RooksRiderSolicitors

Has your tenant asked you for consent to assign the lease of a commercial property to another business? You may need a Licence to Assign Find out what this means and make one free with a 7 day trial https://lnkd.in/ethN4DRA #LicenceToAssign #CommercialProperty #PropertyManagement

You might have read about the Leasehold & Freehold Reform Act, which passed a month ago and comes into force one month from now. The government hyped it as their solution to a myriad of problems, but if you own a flat here's why we think it's a missed opportunity and won't help you as much as it could have done. https://lnkd.in/e2EGCxck