tag:blogger.com,1999:blog-73777422205004701872020-02-24T15:49:29.459+00:00PropertyLaw.guruPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.comBlogger92125tag:blogger.com,1999:blog-7377742220500470187.post-43059552304018985962020-02-24T15:49:00.003+00:002020-02-24T15:49:29.402+00:00EG 22-02-20 p. 34 Cannabis farming- Savills set up a project to identify suitable locations for *medical* cannabis farms! Which use class does that fall into. And would it be in breach of the ‘no-illegal or immoral user’ clause? p.40 Mainly for Students article about the basics of Government fiscal policy - GDP, base rates, exchange rates and so on. Worth a read.. p.49 Multi-party Joint Ventures. PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-2406605543639954152020-02-18T09:53:00.002+00:002020-02-18T09:54:03.854+00:00RICS releases new e code for commercial leasesAt last RICS has published this, to take effect in Sept 20. Updates the old one and it is now a professional statement. Excellent progress IMHO, read it at https://www.rics.org/uk/upholding-professional-standards/sector-standards/real-estate/code-for-leasing-business-premises-1st-edition/ But sadly the nicely designed tenant guide isn't updated but there is a more basic tenants guide which is aPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-60134683987522465452020-02-18T09:51:00.002+00:002020-02-18T09:51:07.842+00:00EG 15-02-20 News Front page ad for CREWUK - a  commercial real-estate networking organisation for women US based now opening it seems in London - crew network crewuk.org Hatton Garden’s legendary jewellery and diamond district faces extinction as jewellers can’t afford the rents landlords are seeking! Tate Privacy overlooking- nuisance case - CA refuses to accept there is a right to privacy in the tort PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-3116421610544078952020-02-12T13:59:00.002+00:002020-02-12T13:59:21.535+00:00EG 08-02-20 News section Numerous stories about the repurposing of retail parks for residential use, pension funds planning to invest in build-to-rent, ‘explosion’ of live-work or co-living schemes outside the capital, an analysis of the London office market and where it is going, the turnaround of WeWork who will be looking to surrender leases, office development has significantly dropped in many regionalPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-7925834415711180702020-02-03T18:59:00.001+00:002020-02-03T18:59:14.693+00:00EG 01-02-20 EG 01-02-20 Market news Various news stories about retail being repurposed for either office or residential use.  Eg Bath Homebase is going to be turned into a mixed use retirement village, another The Collective work/live units approved at W9 and Stratford, also WeWork being turned down as a tenant by Ls who are worried that they could fold the groups SPV lessees at the end of the rent PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-74945467223576376882020-01-27T19:39:00.003+00:002020-01-27T19:39:53.364+00:00EG 25-01-19 News articles on the BTR sector growing, and repurposing failing retail parks for resi or logistics Plus a must read interview of Reza Merchant, the charismatic founder of The Collective - https://www.thecollective.com the coolest place to stay in London (I’ve stayed at the Canary Wharf one a few times and bumped into him in the gym!). Co-living, combining high spec but small living quarters PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-85375306957130093222020-01-27T16:53:00.002+00:002020-01-27T16:53:34.988+00:00EG 18-01-20 EG 18-01-20 p.49 Excellent article on the effect of putting in a document that a party will act ‘in good faith’ and the unwillingness of the courts to imply a duty of good faith (unlike continental legal systems). So long as parties do not break any contract terms they are fee to act in their own self interest in performing it, in the absence of an express duty of good faith. p.51Asbestos PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-38979972623404499752020-01-14T16:53:00.002+00:002020-01-14T16:53:16.919+00:00EG 11-01-20EG 11-01-20 P.29 Can failing retail parks be resurrected as industrial parks? Examines Prologis' proposed  change of a retail park to a logistics or click & collect hubs to satisfy pent-up demands, and predicts a flood of similar conversions! p.51 Planning and development issues to look out for. Outlines the main problems overlooked - restrictive covenants, public rights of way, rights to PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-55383248991325259992020-01-06T20:47:00.002+00:002020-01-06T20:47:29.484+00:00EG 04-01-20 2020 Visions p.51 Predictions of the year ahead - appeal cases coming up on - what are the formalities for a valid deed (not a forgery), what creates a periodic tenancy, what constitutes occupation at the end of a lease for security of tenure, more on Ground (f), contacting out notices, telecoms code, restrictive covenants, rights of light & to privacy, etc p.54 what’s coming in 2020 in PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-38922235093871931362019-12-15T09:34:00.002+00:002019-12-15T09:34:15.088+00:00EG 14-12-19 P.63 How the Grinch stole legal. Light hearted review of the important cases of the year, Franses, Feam v Tate, EMA,Smailes, etc etc. p.66 Dilapidations claims are increasing in volume as leases are not being renewed and properties repurposed. Good outline of the procedure, how it is calculated and the statutory cap. Also considers the difference in different jurisdictions in the UK, ‘PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-85284193580661697482019-12-09T08:50:00.003+00:002019-12-09T08:50:51.146+00:00EG 7-12-19 P.15 'Corbyn clauses' are being inserted ‘everywhere’ in contracts, development site deals, allowing buyers to pull out if Jezza wins Thursday’s vote-off! But many are not signing till after. p.29 Have you heard of ‘Cloud kitchens’ a new asset class - they provide the offsite cooking for restaurants and also for deliveroo and just eat businesses. Landlords are set to make a lot of money byPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-50884855005285983212019-12-04T08:59:00.002+00:002019-12-04T08:59:41.633+00:00EG 30-11-19 Big part of this week’s EG on work-life balance. One in 4 property professionals have considered suicide!! Poor workplace culture, long hours, and a profit/timesheet culture? Sound familiar? If so, read this edition. Astonishingly, 70% of property professionals have experienced mental health issues… p.71 How employers should best look after the mental wellbeing of their employees. p.73 PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-25380879339635532992019-11-24T21:18:00.002+00:002019-11-24T21:18:21.999+00:00EG 23-11-19 p.23 Another article about the differences between English and Scottish law, this time litigation. Completely different language and structure of litigation. I must read if you are a property litigator who have clients who have a property portfolio in Scotland. p.67 sex establishment licenses – lapdancing to you, breaches of condition of the license, what happens if you lose the license, is PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-5220114154263191542019-11-18T15:39:00.002+00:002019-11-18T15:39:18.422+00:00EG 16-11-19 P.49 Mortgages and Lending in Scotland compared to England & Wales. Interesting article showing the huge differences in the law of mortgage up north, where there is a standard set of mortgage clauses ’standard security’ incorporated by statute into every mortgage,  some of which can be varied and some which cannot. The terms used are different, there is 21 day companies house registration but PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-51596224877653085002019-11-11T11:02:00.001+00:002019-11-11T11:06:10.255+00:00EG 9-11-19 Palindromic EG date! 9-11-19 P.36 Co-living is the next new thing, but there are planning issues to overcome, but it is something to look out for. I've stayed at The Collective in Canary Wharf and it is an amazing concept (if you can cope with the noise of the DLR rumbling past)! p.53 Pt 2 of the differences between Scottish & English law, commercial leases. Everything is different in PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-39397758574801393142019-11-03T17:53:00.003+00:002019-11-03T17:53:30.839+00:00EG 02-11-19 Overseas Investment in UK comm prop drops by 18%, London super-prime resi sales drop by 13%, Treasury committee calls for the overhaul of the ‘broken’ business rates system (asking for a consultation prior to Spring), Co-living (such as The Collective (which I stayed in at Canary Wharf last week and was impressed) set to triple in size, WeWork still in danger of going bust despite rescue, and ofPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-41063236628330942472019-10-27T21:15:00.002+00:002019-10-27T21:15:42.822+00:00EG 26-10-19 p.22 WeWork bailed out! (but I read elsewhere that unless they get their house in order they will burn through the new funding in a year or so). Comment that they were looking for a 15 month rent free on an 8 year lease and a £50psqft landlord’s contribution to fit out, plus L had to use *their* standard lease, non-negotiable! Cheek! p.29 Build to Rent sector grows 20% in a year! Plus more onPropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-62362392445890686632019-10-20T16:09:00.004+01:002019-10-20T16:09:48.808+01:00EG 19-10-19 P.21 UK resi rents rise at fastest rate in 3 yrs! p.35 > News from talks at the recent MPIM UK event - Brexit etc p.46 Mainly for Students article giving an outline of contract law  & other jurisdictions p.57 Legal issues for landlords regarding use of drones by occupiers or future drone ports! p.59 Can a landlord vary the tenants absolute covenants in one lease (e.g. not to keep PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-20979398237647857362019-10-20T16:08:00.003+01:002019-10-20T16:08:34.203+01:00EG Auction Buyer's Guide Autumn 2019 All property lawyers should read this to keep them up to date in the market and auctions. Clients may also find it useful, and you can get extra copies from EG Articles on: p.48 Telecommunications code and the effect on owners p.50 Commercial rent deposits. Must read article on how to deal with them on a sale p.52 Where are we on the leasehold reform proposals p.57 Tenant Fees Act. What Ls PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-71079576673585023362019-10-13T17:31:00.002+01:002019-10-13T17:31:34.753+01:00EG 12-10-19 P.57 Interview with Joanne Wicks QC about her career at the property bar (she acted for the tenant in Franses and also the landlord in the EMA lease frustration case) p.60. Professional negligence in property transactions. There have been £1BN neg claims against property lawyers in the last 10 years. Poor service, not maintaining standards, focus on profitability rather than client service, PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-36465412838751482502019-10-08T18:14:00.002+01:002019-10-08T18:14:49.432+01:00EG 05-10-19 P.107 Debenhams decision and CVAs. What does it mean for landlords? In such CVAs the landlords suffer a rent reduction but other trade creditors get paid in full. The decision held that landlords were creditors in relation to future rent, that compromising future rent was not unfair prejudice, that the right to forfeiture cannot be altered by a CVA, that reducing rent was justified to protect PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-234211892743267302019-09-30T15:41:00.002+01:002019-09-30T15:41:57.675+01:00WeWork or WeGoBust? We Won't - Will the biggest non-govt occupier on office space in London go bust in the next 6 months, making the Arcadia group/Debenhams look like a side show? Read this guardian article (esp the eyebrow raising 2nd half . If WeWork were to go bust, its landlords will struggle to collect the promised lease payments they are owed. That could leave property companies struggling to pay their bank PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-80475253288493965992019-09-29T12:25:00.002+01:002019-09-29T12:25:42.701+01:00EG 28-09-19 P.51 Reviews the Law Commission’s proposals on electronic signatures, published on 4-9-19. Notably this does NOT include registered land dispositions which is a separate issue. There are 3 types of electronic signatures proposed, and there are different effects on contracts, s.2 contracts (land) and deeds. This is all years off, but worth being aware of.  P.53 SDLT reforms in the winds?? An PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-37402374884907609362019-09-29T11:00:00.003+01:002019-09-29T11:00:26.429+01:00EG 21-09-19 P.24 Microflats denouement? Article looking at the rise and fall of micro flats of sometimes 13sqm! A lot are either unsold and risk negative equity. Don’t buy…unless you want to lie in bed, cook a meal and wash your hair - all at the same time.. P.51 CVA part 2 - a very brainy discussion on how a landlord might be able to  challenge a tenant’s CVA (topical as Mike Ashley’s attempt to PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0tag:blogger.com,1999:blog-7377742220500470187.post-52536097345589762502019-09-29T10:46:00.003+01:002019-09-29T10:46:33.165+01:00Fixtures and fishings (and (f)otovoltaic panels...) Borwick Development Solutions Ltd v Clear Water Fisheries Ltd [2019] EWHC 2272 (Ch) (24 September 2019)   Great case report from PLC - Buyer of fishery from an LPA receiver found that he did get the photovoltaic panels but didn’t get the fish as they were wild animals and didn’t pass with the land!! B had owned a commercial fishery, which included nine man-made lakes and pools. The PropertyLaw.guruhttp://www.blogger.com/profile/16576221187744254368noreply@blogger.com0