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Legal News and Free information

Regulation - What's in it for Lawyers?

Nick Fluck
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So the Legal Services Board is up, if not exactly running yet (although they are throwing around rather silly pronouncements about the licensing of Alternative Business Structures, possibly just to keep the Approved Regulators on their toes).

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Joint Tenants or Tenants in Common?

Nick Fluck

We get a lot of questions about the distinctions between the two variants of joint ownership mentioned in the title of this article.  The fundamental distinction is what happens on a death.  In the case of property owned by two (or more) people as "Joint Tenants" then the interest of any deceasing party automatically accrues to the interests of the survivor(s).

In the case of "Tenants in Common" the deceased party's interest in the property passes in accordance with their Will or intestacy.

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Could you extend your long leasehold term or even acquire the freehold?

Nick Fluck
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If you have a long residential lease you may be entitled to buy the freehold or extend the term of the lease under the provisions of the Commonhold and Leasehold Reform Act 2002.

For further details check under the Areas of Law and Property links or contact Mr Buxton or Mr Fluck via the contacts page.

 

There may be trouble ahead

Nick Fluck

Whilst the economic indicators could (and may yet) well be worse, no-one could argue that they are currently rosy, and although agricultural property seems to be bucking the general trend, for the commercial property owner there are increasing difficulties in securing reliable corporate tenants for the longer term, current tenants with previously exemplary records may now need to be kept under close scrutiny and

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Do you need an Energy Performance Certificate?

James Buxton
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From the 1st October 2008 all properties let or sold will by default require an Energy Performance Certificate ("EPC").

EPCs are part of the UK government's implementation of European legislation - specifically DIRECTIVE 2002/91/EC of 16 December 2002 on the energy performance of buildings.

The regulations in the UK, as with so much of secondary communities legislation, are a rushed and poorly drafted attempt to add a UK centric government spin to the underlying requirements of the directive.  Be that as it may in general if you plan to either sell or let a dwelling or a commercial property or if you are responsible for a public building you need to be sure that you comply with the requirements.

For advice in relation to EPCs for commercial properties use the contacts link to get in touch with either Mr Buxton or Mr Fluck and, for advice in relation to EPCs for domestic dwellings, contact Mrs Laycock.

 


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