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Lease breaks – giving vacant possession

14 July 2011 | Stephen Carew

Background Any conditions attached to a lease break clause must have been satisfied before one can successfully break a lease. As seen in various cases, such conditions will be strictly construed. NYK...

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Tenant’s Guarantor Guaranteeing Assignee’s Obligations

12 January 2011 | Stephen Carew

In K/S Victoria Street v House of Fraser (Stores Management) Ltd (2010) PLSCS 278, the High Court has recently held that an agreement that required the tenant's guarantor to guarantee the assignee's obligations,...

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Enfranchisement – Common Parts

12 January 2011 | Stephen Carew

The Leasehold Reform, Housing and Urban Development Act 1993 (“LRHUDA 1993”), as amended by the Commonhold and Leasehold Reform Act 2002, allows qualifying tenants in relevant premises the right of...

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Leasehold Enfranchisement – Day v Hosebay Limited

10 August 2010 | Stephen Carew

The Leasehold Reform Act 1967 (“LRA”) allows tenants of certain long leases of houses the right to acquire the freehold or be granted a lease extension. The LRA defines a house as “any building designed...

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“No consensus” following consultation on apportionment of CRC costs between landlords and tenants

23 July 2010 | Joe Kwok

On 17 December 2009, a consultation was launched by a Working Party of various real estate industry bodies to explore whether a cross-industry consensus could be achieved on the apportionment of costs...

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New model leases for shared ownership properties

8 February 2010 | Sarah Wilkins | 1 comment

A new model shared ownership lease aimed at creating more certainty for lenders and more clarity for purchasers of New Build HomeBuy property has been created by the Homes and Communities Agency (HCA). The...

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