Repair –v- compensation for Disrepair (Part 1)
In three instalments our commercial property partner Michael Higgin explains a tenant’s duty to repair its premises and looks at what compensation it may need to pay for not doing so.
Repair –v- compensation for Disrepair (Part 1)
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Understanding Authorised Guarantee Agreements
Our commercial property partner Michael Higgin explains what an AGA is, and what its enforcement means in practice.
Comply with your insurance policy, or else!
Hazel Eccles explains how the court decision in Bluebon Ltd v Ageas (UK) Ltd reminds us that the terms of an insurance policy must be followed or the insurer may not pay out for loss.
DEFRA changes to Water Abstraction exemptions
From the 1st January 2018 you may need to apply for a Water Abstraction licence where such abstraction has previously been exempt.
Subsidy Payments “Guaranteed” until 2022
Gove announces that the Government will not amend the current subsidy payment scheme before the next election date.
Using restrictive covenants to secure payments – caution advised
The Upper Tribunal (Lands Chamber) has the discretion to discharge or modify restrictive covenants on specified grounds. The case of Barter Re Ivy House offers an interesting insight into the treatment by the Tribunal of recently imposed covenants.
Modification of restrictive covenant unlocks land for development
Michael Higgin considers a recent decision of the Upper Tribunal to modify a restrictive covenant under a rarely successful statutory ground.
FSP handles headquarters disposal for US biotech business
FSP has just completed the sale of Unither House in Chertsey for United Therapeutics who develop and produce treatments for patients with chronic and life-threatening conditions.
FSP acquire new offices for BDO
FSP have just acquired new offices for professional services firm BDO in 12th floor of the newly extended Thames Tower in Reading.
FSP advises funder lending to Harwell Science and Innovation Campus
Santander Corporate and Commercial Division have provided a new £7.4m facility to fund the complete refurbishment of legacy RAF buildings on their globally-important science park.
New “super depot” for Whistl
Marcus Francis, head of commercial property at FSP, has recently acted for Whistl UK Limited (the second largest postal operator in the UK) on their lease of a 225,000 square foot distribution warehouse in Bolton.
Business Rates overhaul in 2017
The process to appeal Business Rates assessments in England is being overhauled in 2017 to coincide with the 2017 Rating Revaluation. Anna Zatouroff, a senior associate in our Commercial Property team, outlines the new system.