On the 7th of November, King Charles III announced that a new Leasehold and Freehold Bill will be one of the government's priorities for the year ahead. The aim of this bill is to increase the number of freehold properties, while also making it easier for leasehold homeowners to extend their leases. Abolishing escalating leasehold charges is also expected to be included as part of a bill to reform the leasehold system.
Below we'll look at the difference between freehold and leasehold properties, and what the key takeaways from the announcement are.
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Over the course of 2022, the cost-of-living crisis is something that many of us were all too aware of. The exact figures changed so much throughout the year that it can be difficult to see where 2022 stood in comparison to 2021.
So, what has caused the cost-of-living rise, and what are the exact figures?
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Commercial landlords are now once again able to forfeit leases on commercial properties due to non-payment of rent. There was a moratorium pause on this matter under the Coronavirus Act 2020, but this has now been lifted and commercial landlords are once again able to seek legal advice to forfeit leases. There are still, however, some omitting circumstances when rent due is classed as ‘protected rent’ under the Commercial Rent (Coronavirus) Act 2022.
Our commercial litigation experts have provided an overview below for commercial property landlords explaining the legal options and processes available to them.
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We are delighted to announce that four more trainees have successfully completed training contracts at Howells Solicitors and are being retained as newly qualified solicitors. More...
With the increased frequency of local and national lockdowns, the high street is at its biggest standstill to-date. To release the deadlock, landlords have begun to agree lease terms that are more favourable and flexible for the tenant with the novel turnover rent provisions leading the way in reimaging the leases and commercial property sector in the UK. More...
