What do I need to know before renting out a property?
As a first-time landlord, it can be easy to feel overwhelmed with the decisions that must be made and the legalities that must be considered. For many people who have not rented a property before, it is common to face issues during or following the termination of the tenancy due to a lack of proper
Read More
How much Stamp Duty do I pay on Commercial Property?
Stamp Duty Land Tax (SDLT) is a form of tax that is paid on the acquisition of land in England and Northern Ireland. Although there are many factors that affect who pays it and how much they pay, generally, it is applied to increasing portions of the property price when you pay £150,000 or more
Read More
What you need to know about the Leasehold Reform (Ground Rent) Act 2022
On 8 February 2022, the Leasehold Reform (Ground Rent) Act 2022 (LR(GR)A 2022) received Royal Assent. LR(GR)A 2022 aims to restrict the charging of ground rents in new or replacement long leases of individual dwellings. What is ground rent? Ground rent refers to a low or nominal rent that is paid under a long lease
Read More
Commercial Property Law in the UK
What You Should Know About Commercial Property Law in the UK Since each investor has unique needs, every property is unique as well. If you want to purchase commercial property in the UK, there are a few legal issues that you should be aware of beforehand. Here’s what you need to know about commercial property
Read MoreCommercial Property – Recoverin Rent For Landlords
From 6th April 2014, a landlord is no longer able to exercise his right of distress against a breaching tenant for the recovery rent arrears. This has been replaced by a new statutory regime – Commercial Rent Arrears Recovery (“CRAR”) and the key aspects are: – CRAR only applies to written leases and so the
Read More