Landlords take note, on the back of a recent case, you face an increased risk that tenants will challenge costs which they are responsible for in a lease. The case in question related to tenants’ challenge of insurance costs the Tribunal found in favour of the tenants, because the costs incurred were considered to be … Continue Reading
Investor, developer, indeed landowner in any capacity – recent rulings mean Japanese Knotweed is now more of a nuisance (and a costly one) than ever. With over 6000 UK locations identified as containing the weed, you best be clear on how to handle this inconvenient invader or you face ending up in a bind. What’s … Continue Reading
As we mentioned in an earlier post Regulations for dealing with private rented housing in Wales are increasing. From 23 November 2016 all properties need to be registered and anybody undertaking, letting or management work has to go further and be licensed. FOR FURTHER DETAILS CONTINUE READING 1. Registration by all landlords Why register? The Welsh … Continue Reading
Rentcharges are, in theory, a very useful way of securing a positive obligation to pay against freehold land owners. They are mainly now created to cover estate service charges to ensure freeholders will pay common expenses incurred in looking after communal areas of a development and to help ensure positive covenants are enforced which is … Continue Reading
We were reading in the Property Week (27th May edition) just how unreliable an EPC rating can be. This matters because from 2018 when new minimum energy efficiency regulations (MEES) start to apply, investors won’t be able to grant a lease of a property (and that includes a lease renewal) with an F or a … Continue Reading
It is now clear that leases cannot be assigned to the tenant’s guarantor but serious issues arise out of the recent High Court case of EMI Group Limited v O&H Q1 Limited which specified that any lease assignment by a tenant to its guarantor is void. This means that the assignment is not effective, the … Continue Reading
We posted in 2013 on the Regulations that will make it unlawful from 01 April 2018 to let properties with an F or a G EPC rating. These are now in force. There are some time limited exemptions and a few exclusions but now is the time for investors to plan on how they can … Continue Reading
In our post on 20 March we explained the implications of the Heat Network (Metering and Billing) Regulations 2014 and in particular the need for heat suppliers to register before 30 April 2015. In amendment regulations of yesterday the date for registration has now, thankfully, been put back to 31 December 2015. Minor tidying up … Continue Reading
Are you a developer or landlord of commercial or residential multi-let premises? Are those premises supplied with heat by either a communal heating system or a district heating system?… Continue Reading
This post was also written by Nicholas Rock, Maricela Robles Garza, Alexandra Gordon, and Pryderi Diebschlag. It is common for our clients to require a short environmental indemnity in a property deal usually when the transaction is well advanced (and the due diligence is in) and often once the timetable is really compressed. Sadly there … Continue Reading
This post was also written by Nicholas Rock, Alexandra Gordon, Pryderi Diebschlag, Maricela Robles Garza. Members of the Brownfields Solutions team at Reed Smith have just published the first in a new series of articles looking at issues relevant to those with an interest in UK brownfield land. In the first article, the team looks … Continue Reading
We wrote a variety of blog postings on the UK’s Carbon Reduction Commitment (Energy Efficiency) Scheme (‘CRC’) whilst the Government was consulting on the draft Regulations. A lot of the information must have seemed unimportant prior to April 2010 but now the CRC Energy Efficiency Scheme Order 2010 (‘CRC Order’) is in force and many … Continue Reading
In earlier postings on our environmental update blog we have introduced the UK's Carbon Reduction Commitment (Energy Efficiency) Scheme ("CRC"). From 1 April 2010 the CRC Regulations will apply. Property investors, even those who fall outside the CRC themselves, will have to supply their buyers with information on their buildings' carbon emissions. Lack of information could wreck the timetable for the deal.
This posting is designed to give you a brief idea of what you will need to disclose on the sale of an investment property once the CRC comes into force on 1st April this year.… Continue Reading
