Real Estate Law Blog

25 March 2019

Real Estate Directorship may carry a real risk

It is not unusual for tenants of apartments to be directors of the company that owns the freehold of their building. Sometimes tenants choose to become directors, sometimes they are required to do so by the contract when they purchase the property. In either event it would be sensible to take legal advice before agreeing to be appointed as a director.

Tanya Langridge

12 March 2019

Estate agents come under the HMRC spotlight

On 4 March, Her Majesty’s Revenue and Customs (“HMRC”) announced that they had imposed a £215,000 fine on Countrywide estate agents for failing to register the company as required under the Money Laundering Regulations 2017. This announcement was swiftly followed by the publication of the Treasury Committee report on economic crime on 8 March, where estate agents came in for stinging criticism for failing to have proper regard to money laundering compliance and risk assessment in their dealings. 

Alun Milford

18 February 2019

A room with a view: Angry neighbours lose Tate Modern balcony case

A recent high court decision has rejected claims that a neighbouring viewing platform amounted to nuisance and an invasion of privacy.

Christopher Boughton

6 February 2019

S.D.L.T. on SDLT (Solicitors Don’t Lose Time on Stamp Duty Land Tax)

From 1 March 2019 legislation being introduced by the Finance Bill 2018-19 means the deadline to file an SDLT return and pay SDLT will be cut from 30 days to 14 days after the effective date of the transaction. 

Joanna Yates

23 January 2019

The Default Position: Negotiating Events of Default under a loan agreement - what should a borrower be wary of?

Events of Default are most often found in the context of loan agreements and are similar to termination rights that may be found in commercial agreements, albeit with potentially different consequences. An Event of Default is an event or circumstance relating to a borrower or its activities which will give rise to a right for a lender to refuse to make any further advances, demand immediate repayment of a loan, make a term loan repayable on demand and/or enforce its security.

Anna Shonfeld

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