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.

 

Resolved: Home Business Tenancies Aren’t Under 1954 Act Protection

work from home 54act property management guideBefore 2015 there was a grey area for those who rented residential accommodation but carried out some form of working from home, whether that’s a full-time business in a spare office or workshop, some form of ongoing work tasks like book-writing, or even office workers sometimes being based at home. 
 
With fast-paced technology like superfast broadband and internet provision, and flexible working practices, this has been on the up, and in actual fact something the government is wanting to encourage in order to strengthen the economy.
 
However this caused an issue with property leases that are residential focused, particularly the way in which you treat them at the lease end and any renewal rights of the tenant. Whilst...

Read more ...

Write comment (0 Comments)

How to ‘Contract Out’ of the 1954 Act for Business Property Tenancies

1954 act contract out property management guideThe Landlord & Tenant Act 1954 is the bedrock of legislation for commercial property leases, with rights for tenants to have their lease renewed at the end of the main lease duration. People tend to appreciate this more with residential property, and realise that a landlord can’t suddenly just ‘kick a tenant out’ when their lease ends as there are certain rights of renewal and requirement for notices and maybe court applications.
 
This is the equivalent principle for business premises, originally brought in after the Second World War and bomb-damaged property caused reduced stock of business properties and landlords started to be choosy on what tenants could stay on. From a landlord’s perspective this might be fair - hunting down a...

Read more ...

Write comment (0 Comments)

When Lenders & Banks Panic About Lease Forfeiture Clauses

forfeiture clause property management guideThe dreaded ‘F’ word when it comes to property leases can have a negative reaction from those lending money against the property interest, and cause all kinds of issues and confusion, with talk about varying leases and separate documentation and letters. For those wanting to purchase a property interest this can be a huge issue and deal-breaker, something you need to firstly fully understand before you then try to resolve.
 
It's about a clause or series of clauses in a long leasehold interest that can allow the landlord to forfeit the lease through the process of forfeiture. You tend to see them in both long residential interests such as flats where you can’t purchase the actual freehold, or long commercial leases such as small office...

Read more ...

Write comment (0 Comments)

FREE Property Management Pack

Immediate download of our ‘Property Management Pack’ of goodies, the focus being our Property Cheat Sheet with 15 factors to shape any property deal, and the Introduction and Chapter of our Amazon best seller Property Management Guide book. 

pmg logo small croppedResources to help you easily manage property interests - to increase values, save costs, and see less frustrations