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Michael Rabbett
    • Michael Rabbett

    • Head of Commercial Property, Partner
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Reservations over home buying reservation agreements

  • Posted

If there’s one sure to infuriate house sellers, it’s a buyer pulling out at the last moment without good reason. However, the government has announced that it will trial “reservation agreements” later this year. These agreements would...

Getting on the property ladder - Shared ownership could be an option

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The price of properties, including so-called ‘first-time homes’, continues to be out of proportion to the average income. Saving for a deposit fora first home now takes years longer than previously. The ‘Bank of Mum and Dad’ may be...

Rejection of lease renewals in favour of third party redevelopment upheld by Courts

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The recent case of Santander UK PLC v LPS Estates Ltd has upheld a landlord’s right to oppose the renewal of a lease by a tenant if the site is intended for redevelopment by a third party. In this instance, Santander, the tenant of a commercial...

Converting commercial property into residential housing

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Converting commercial property into residential units is big business. An old factory bought for £250,000 and converted into 10 residential units, each valued at £150,000, could net a massive profit for the developer willing to make the...

Commercial rent arrears recovery

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Commercial rent arrears recovery (CRAR) is a way of recovering rent arrears relating to commercial property. The new regulations came into force on 6 April 2014 where they replaced the previous method which landlords have traditionally used to recover rent...