So you've struck a deal to buy a site and pass onto your lawyers the terms of the deal with the expectation that a signed contract is just round the corner to cement your preferred bidder status. Then the lawyers burst your bubble with a series of questions: "what do you mean by that ...?" For deal-doing developers, these questions, however irritating, are a necessary ingredient for a binding contract.
Legal Insights & Industry Updates
Life, business and the law
The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Latest articles from John Meehan
With the 2017 revaluation of business rates just around the corner, all owners and tenants of non-domestic property need to be aware of how the impending revaluation affects them. Initial analysis of the industry shows that values have fluctuated significantly across the country and through different property sectors. Here we look at the process of the revaluation and ways to appeal against the decision by the Valuation Roll Assessors.
In the current economic climate, certain types of pension scheme have become attractive and tax efficient tools to save and invest in commercial property. However, the structure of these small self-administered and self-invested pension schemes (or SSASs and SIPPs as they're commonly known), can have consequences, sometimes unintended, for investors.
The succinctly named Assessment of Energy Performance of Non-domestic Buildings (Scotland) Regulations 2016 became law across Scotland on 1 September 2016. Here we take a look how a variety of clauses and due diligence enquiries are emerging to give comfort to buyers on measures taken by sellers to comply with the regulations or to assure buyers that no action needed to be taken.
Changes will take effect on 6 April 2017 to restrict income tax relief for financing costs for residential property. These changes may have significant financial implications for landlords who don't take steps to prepare for the changes.