CPI Update 124 - June 2014

Property webinars for June: commercial property insurance; auction sales

Two more property webinars are lined up for June 2014. They are “Commercial Property Insurance Issues” (on 2 June 2014, at 12.30pm) which will include an analysis of the recently published City of London Insurance Clauses, common lease and contract drafting issues, and relevant standard conditions of sale; and “Buying and Selling at Auction” (on 9 June 2014, at 12.30pm). To enquire further about joining a webinar, please use the contact button above.

CPI Update 123 - May 2014

Assignments to guarantors

Would an assignment to a company which is currently giving a primary guarantee of tenant obligations fall foul of Good Harvest/House of Fraser case law?

Is CRL insurance still required?

CPI Update 122 - April 2014

Capital allowances - Law Society Practice Note

The Law Society has published on its website a practice note: “Capital allowances: new pooling requirements”. It advises that “Commercial property lawyers and tax specialists dealing with the sale or purchase of property containing plant and machinery should read this practice note.”

Break right problems continue to dog tenants

To the displeasure of the tenant, in Marks And Spencer Plc v BNP Paribas Securities Services Trust Company (Jersey) Ltd & Anor [2014] EWCA Civ 603, the Court of Appeal has overturned the High Court’s decision and has obliged the tenant to repay to the landlord a rent refund (which had initially been ordered to be refunded to the tenant) representing rent paid in advance for the period between the break date of the lease and the end of the quarter in which the break occurred.