Leasehold system

Leasehold system news: Is it all ‘Home Sweet Home’?

"leasehold system" is something you will likely have heard of ff you own your own home by way of a mortgage or outright. A leasehold agreement allows you to own your home but not the land it sits on. Instead, this land belongs to a freeholder. Housing Secretary Robert Jenrick has announced that the leasehold system of property ownership is to be shaken up. Leasehold ground rents are to be banned, and leaseholders can extend their lease for up to 990…

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Landlords and Pets

Landlords and Pets: Understanding the implications

Towards the end of January 2021, the Government announced that landlords will no longer be able to place a blanket ban on tenants having pets at the property.  Housing Minister Hon Christopher Pincher MP announce a new Model Tenancy Agreement gives consent to tenants to have pets, and any objections by the landlord will have to be given in writing within 28 days and must provide good reason as to why pets must be banned.  Approximately 93% of rental properties…

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pensions on divorce

Pensions on Divorce

"Pensions on divorce" is about when marriages and civil partnerships break down, meaning that related financial and property matters must be dealt with. The financial remedy process ensures that the assets are distributed following divorce or dissolution. Usually the biggest asset of the marriage or civil partnership is the former family home. Quite often pensions come in at a close second. The Courts have extensive powers to deal with pensions by way of pension attachment orders or pension sharing orders. Pension attachment…

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Litigation Against Tenants

The rules of litigation against tenants has had a number of changes the last year which have made substantial changes to the ways in which residential and commercial landlords are able to remove a tenant from their property. • Residential proceedings At the end of August 2020, the Government introduced further changes restricting the termination for residential leases under the Coronavirus Act 2020. These restrictions are in place until 31 March 2021. Here are a brief outline in regards to various residential tenancies: •…

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Difficult choices facing business owners, tenants and landlords

This week was a big one for the commercial property market in the UK. Many commercial landlords routinely collected their quarterly rent. However, due to the current COVID-19 pandemic, many tenants were unable to pay any or all of the rent owed. Big corporate tenants have been able to dictate favourable terms in renegotiations, often bringing rents down considerably, rather than suspending rents. These heavyweight tenants, while losing millions through declining revenue, are seemingly protected in some instances due…

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