Leases & Titles

blog yellow circle pmgHere are various blog resources related to all forms of leases, titles, and legal documentation involved with property interests. Whether a straight forward lease agreement or complicated legal documentation, here is help to understand what you're trying to achieve and then practically how to easily do this.

 

The Low-Down Property Heads of Terms for Leases & Sales

heads of terms leases property management guideHeads if terms can be referred to when you’re looking to take a lease at a property, particularly with commercial premises rather than a usual short-term ASTs with residential property. They can also appear when preparing for a freehold or leasehold sale of whatever property interest.

They are not as complicated or legally applicable as you might think, however, we still an important document to get right and not waste time and money on getting these correct - particularly when solicitors are involved.

Therefore, here are a few common questions about them answered, followed by seven key elements you find in them.

Heads of Terms Questions

What are Property Heads of Terms, And What Do They Mean?

Basically, a summary of the agreement...

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Bottom-Line Basics of Renewing Residential AST Leases

ast renewals leases property management guideAST tenancy agreements are the norm for short-term residential lets, hence there being a mass of information already available on how to deal with these.

From a property management perspective there is no point in simply repeating all this information here – what really helps is to cut-the-chase, and get down to what’s basically required when dealing with such tenancies day-to-day.

So, in addition to the literal agreement itself, there is often an array of other things like additional pieces of information and legislation to be aware of as well.

Renewing AST Agreements

Assuming you already have a form of AST agreement in place, then this resource helps look at the sort of things to look out for when simply looking to renew it, which...

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How to Allow Other Uses in Commercial Property Long Leases Through the law of Property Act 1925

commercial property leases user chnage property management guideThis is a hidden-gem of legislation that can help unlock value in commercial property that are held on long leasehold interests – getting very technical on the legal side, but worth it if you’re in this situation.

This has recently come to light in a legal case called Shaviram Normandy Limited v Basingstoke and Deane Borough Council [2019] UKUT 256 which has a good legal explanation here.

In short, this covers a situation where the “owner” of a commercial property holds it through a long lease rather than freehold, like when your “own” flats in a block. This lease may well restrict what you can use it for, and in this day and age of needing to look at alternative value-driven ways this can therefore cause you a problem with proposed...

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