If you are buying or already own a property with the intention of letting it out to tenants, then knowing what to do when you want your tenants to move out is as important as knowing how much rent it’s worth and what type of...
What are Dilapidations? Dilapidations represent exit costs for a tenant at the end of their lease. In a commercial lease, ‘dilapidations’ are damages or defects to a property which a tenant is legally obliged to put right under the terms of their lease. These costs are typically...
What is gazumping? Gazumping is when another person puts in a higher offer on a property you are in the process of buying and their offer gets accepted by the seller, thus scuppering your chances of purchasing the property in question. For it to be gazumping, it...
A Section 21 notice is a notice that must be served on a tenant in order to remove them from a property when the tenancy comes to an end. The landlord does not need to show any grounds for possession, other than the fact that the...
If you take a lease over commercial property, it may come with fixtures and fittings belonging to your landlord. Alternatively you might make changes and additions to the property (preferably under a Licence to Alter from your landlord) so that fixtures and fittings are installed. ...
The older or more unusual a building is, and the fewer the surviving examples of its kind, the more likely it is to be listed. Buildings less than 30 years old are not normally considered to be of special architectural or historic interest. How do I...
It is a notice which is served under section 146 of the Law of Property Act 1925. It is served by a landlord on their tenant and is used when the landlord believes the tenant is in breach of some form condition set out in...
Most people find that their home is the most valuable asset they own. However, owning a property is not an easy task. Houses don’t come cheap! Often, homeowners have had to save up to buy the property, such as raising the deposit, and meeting the...
If you are a commercial mortgage holder or commercial landlord, the chances are that, eventually, you will need to end the lease early and evict your tenant. This is common in instances where the tenants usually stop paying their rent. The process of evicting commercial...
Money laundering is a term most people will have heard of, but don’t necessarily know what it means or how it could affect them. In particular, when purchasing or selling a property you need to be aware of it. Money laundering is a growing, worldwide...
