Commercial Property | Mayo Wynne Baxter
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Is it time to consider collective enfranchisement?

Owners of long leases of flats who are dissatisfied with the management of their buildings, or need to extend their leases, can act together to exercise their right to purchase the freehold of their building under the Leasehold Reform Housing & Urban Development Act 1993. This process is more formally known as ‘collective enfranchisement’. The… Read the rest of this post (No Comments)

Some Things in Life are Guaranteed to be Satisfying

Some things in life are guaranteed to be satisfying, like having some down-time after a hard week, taking off high heels at the end of the day, getting into a freshly made bed and receiving good service. ‘Client satisfaction’ is a term frequently used as a measure of how products and services supplied by a… Read the rest of this post (No Comments)

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

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 (2 Comments)

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

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

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

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…

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

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

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)