In times of recession, even with the best of intentions, tenants can find themselves in a position where rent cannot be met. Meanwhile, landlords are in no better a position, and may feel that their hands are tied and that they must take tough steps to remedy the situation.
Buying or selling a business is nearly always more complex in practice than it seems over an initial meeting. Good legal advice at an early stage is always necessary to avoid valuable time and money being lost, either because renegotiation is necessary later down the line, or even worse because a bad deal wasn’t recognised and walked away from near the outset.
When a tenant engages in a new commercial lease, the temptation can be to get in and start trading as soon as possible, and while this is of course on its own a good idea, a commercial lease’s terms can hold legal time-bombs in the form of unpalatable rent review and / or break clause provisions that only become apparent years later.
Alienation is a legal term which refers to assignment and/or subletting (also called underletting), and parting with possession or occupation. Mary Monson Commercial Law Solicitors can advise on assignments on commercial leases of all types.
Primarily, most business tenants are afforded the protection of the Landlord and Tenant Act 1954. This means that a business tenant cannot simply be thrown out on the street, and also has rights to renew a lease at its end in certain circumstances.
Thousands of businesses in the UK take out new leases on properties every month. These are legal contracts which can bind the parties for a number of years.
Have a read of this youth court guide or give it to someone who can help you to read it. It gives you some basic things you need to know if you have to go to court.
We understand the stress and unrest that can people can feel when a relationship breaks down, and one of the first issues that usually has to be considered is what to do about any shared property.
We believe that selling a property should be a positive experience. If it’s your home, it should be something to look back on with pleasure as you move on to somewhere new.
We believe that buying a property should be a positive experience. If you’re a first time buyer, it should be something to look back on with pleasure as a great life experience. So why is it that people regard moving house as one of the most stressful things that someone can do?