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Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
Since coming into force on 26 March, the Deregulation Act (the “Act”) has introduced several changes designed to free businesses from the burdens caused by regulations and existing laws.
Last week, on 26 May, further provisions of the Act came into force, including sections 44 and 45 which relax planning permission in London on short-term lets.
The Chancery Division Judge Mr Justice Morgan recently refused to grant Gordon Ramsay a declaration that a personal guarantee for rent was not binding because his signature had allegedly been unlawfully obtained.
Permitted development rights (PDR) introduced by central government in May 2013 allow a change of use of an existing B1(a) office building to C3, dwelling houses, without the necessity of obtaining planning permission.
Since April 2012, it has been a requirement that in order for a buyer to claim capital allowances on a commercial property, it must have fixed the value of that qualifying expenditure with the seller, usually by means of a tax election under s198 of the Capital Allowances Act 2001.
Following on from last week’s blog and checklist, Break Clauses in Commercial Property, this blog summarises two of the key recent cases in this area, relating to the payment of sums due as well as highlighting some of the commercial aspects to bear in mind when a right to exercise a break clause in a lease is on the horizon.
Jemma Brimblecombe
Charles Richardson
Oliver Oldman
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