Commercial Property | Mayo Wynne Baxter
0800 84 94 101
Text size: Abc Abc Abc

My commercial tenant has failed to pay their rent: What can I do?

Money sign

One of the most important issues faced as a landlord is ensuring that your commercial tenant pays its rent on time. Where your tenant fails to pay the rent and other sums due under a lease, there are several remedies at your disposal which are designed to rectify the breach and recover payment but it… Read the rest of this post (No Comments)

Do the new government buy-to-let tax changes mean that there will be more property on the market?

tax-on-a-house

These are worrying times for the buy-to-let market. First we saw the increase in stamp duty tax in April 2016, and now investors are faced with the one-year count down to the further tax rise in spring 2017. At present, landlords can claim tax relief on their mortgage interest payments, by offsetting the total cost… Read the rest of this post (No Comments)

Huge rises to Probate fees planned by the Government

A concept to cover aspects of property finance.

The Government is planning to change probate fees according to the value of the estate. The consultation period opened on 18 February 2016 and is due to end on 1 April 2016. The proposed probate application fees are as follows: £300 for estates worth more than £50,000 and up to £300,000 £1,000 for estates worth… Read the rest of this post (No Comments)

Soaring House Prices in Crawley

House

As the property market continues to soar throughout the UK, a significant number of areas are making their mark on the map as being “the most desirable”.  Crawley in West Sussex has recently hit the headlines, being the only area outside of London to make it into the top 10 most desirable places to live.  … Read the rest of this post (No Comments)

Using the correct documents…

Hand holding pen

On so many occasions we see clients who come to us after they have agreed, signed and completed the purchase of a business or taken a lease of premises from a landlord … without seeing a lawyer. Some examples of horror stories include, unfortunately, where the client has not ensured that the property can lawfully… Read the rest of this post (No Comments)

Reasons to use a Lawyer in your Commercial Transaction

Law (typewriter)

This series of  notes, which will be published over the next few days, have been prepared to give an insight into what the role of a lawyer is in a commercial transaction. It gives examples of some situations that can arise in a commercial property transaction as well as in the purchase of an asset… Read the rest of this post (No Comments)

Bringing an end to distress for commercial tenants

angry phone call

Following many reviews and delay (the legislation was passed in 2007) the remedy of distress is coming to an end with effect from 6 April 2014. From 6 April 2014 distress will be abolished, landlords of commercial tenants will only be allowed to send in the bailiffs after giving notice, thus removing the ancient right… Read the rest of this post (No Comments)

Time for take off for Sussex businesses?

A second runway at Gatwick is just one of the options being considered to increase the UK’s airport capacity. While decisions made in 2013 will affect Sussex’s long term economic prospects, the various options are likely to remain grounded for some years. Sir Howard Davies is leading a commission to examine the scale and timing… Read the rest of this post (No Comments)

That’s a relief (for rich investors anyway)

The 2013 Finance Bill will mean that foreign buyers of luxury residential property who use an offshore company will have to pay more tax but there is now an exception for genuine commercial investors. George Osborne announced in his March (2012) Budget that he would close an alleged £1 billion stamp duty loophole where some… Read the rest of this post (No Comments)

Buying Leasehold Properties

Here are a couple of pointers when embarking on a leasehold purchase.  This information is not always available at the time of making your offer but it doesn’t hurt to go to the estate agents armed with these questions at the back of your mind: Length of Lease A lease is a depreciating asset.  Once… Read the rest of this post (2 Comments)