Our Commercial Real Estate team has been looking at some of the main concerns for our property clients in Scotland, and in our most recent bulletin you'll find below have laid out some useful guidance on the big issues.
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
Generally speaking, many UK insurers define a commercial property as being "unoccupied" if it is empty or not being fully utilised for business purposes for a continuous period of 30 days. Some insurers have extended the period to 60 days due to the current lockdown, but owners of such properties should carefully check their policies and contact their providers to be sure that they remain covered.
Many development agreements and land acquisition agreements contain suspensive conditions setting out deadline dates for certain events to occur or actions to be taken. But what can developers do about deadline dates passing during lockdown?
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.
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.