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Top Tips for Commercial Landlords as Pandemic Restrictions Ease on Rent Arrears
Claire Lamkin
Real Estate has been at the core of Kingsley Napley’s business since 1937. The team provide specialist advice on real estate and construction matters but remain focused on their clients' objectives. They take a commercial approach to transactions to ensure that their clients’ commercial aims and risk profiles are achievable. They have particular expertise in the following areas:
The team are listed in the legal directories and are noted for “commitment to getting transactions completed in the most expeditious and advantageous way possible for our clients” and for being “extremely responsive and commercial”.
We act for a variety of clients including developers, entrepreneurs, high net worth individuals, celebrities, banks, investors, landlords and tenants across commercial property transactions, development projects and high value residential sales and purchases.
We get under the skin of each individual transaction and our advice focuses on finding pragmatic solutions to complex transactions with the overriding aim of doing everything possible to achieve the right result for our client.
On occasion, you may require expertise from other practice areas of our firm, these include company and commercial, dispute resolution, private client, and our immigration team.
Our experienced team of solicitors is recognised by the legal directories Chambers UK and Legal 500.
They maintain the momentum of any transaction, often leaving the other party taken aback by their quick turnaround on information requested or their proactive replies. No transaction appears to be to large or too small to which to apply this modus operandi and it makes them stand out way above other property teams."
The Legal 500, 2022
The team has extensive experience of acting for high-net-worth individuals and those in the public eye. These can be some of the most challenging clients to work for. Not only do they have the expertise in this area, they are adept at handling such clients and matters sensitively, with utmost discretion and with a very genuine personal touch."
The Legal 500 UK, 2021
personable, highly efficient’ and ‘knowledgeable"
The Legal 500 UK, 2021
Highly professional and provides excellent customer service"
Chambers and Partners UK, A Clients Guide to the UK Legal Profession, 2020
The team works well together - everyone I tend to work with is highly competent, commercially driven and able to understand and implement complex transactions."
Chambers and Partners UK, A Client's Guide to the UK Legal Profession, 2020
They are all very client-focused, knowledgeable and approachable. They work together as a very strong team of partners.”
Chambers and Partners UK, A Client's Guide to the UK Legal Profession, 2018
I always enjoy working with them, they are just easy to deal with. It's a nice good team of people."
Chambers and Partners HNW Guide, A Client's Guide to the UK's Leading Solicitors, 2018
Their commerciality is excellent, their service and availability are good and their individual lawyers punch above their weight"
Chambers and Partners High Net Worth , A Client's Guide to the UK's Leading Solicitors, 2018
They are all very client-focused, knowledgeable and approachable."
Chambers and Partners High Net Worth , A Client's Guide to the UK's Leading Solicitors, 2018
approachable and friendly"
Chambers and Partners High Net Worth , A Client's Guide to the UK's Leading Solicitors, 2018
Proficient in a broad range of commercial and residential property matters, with significant recent activity in portfolio acquisition work. Wider strengths include representing corporate property occupiers, acting on subsales and handling real estate financing work."
Chambers and Partners UK, A Client's Guide to the UK's Leading Solicitors, 2017
Extremely responsive and commercial’, Kingsley Napley LLP’s client base is largely entrepreneurial, comprising investors, traders and developers."
The Legal 500 UK
The unique attributes of the property team at Kingsley Napley are their speed of working, response times and accessibility, all without compromising on attention to detail or the quality of their work."
The Legal 500, 2022
Paul is extremely proactive with regard to protecting the client while being appreciative of the commercial sensitivity of a deal."
Chambers and Partners, 2021
Any delegation to her team made by Bethan Owen, partner, appears to be seamless and thorough. Their fees may be more, but you get what you pay for: a first class service, second to none."
The Legal 500, 2022
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Instructing property guardians to occupy a vacant building may break the law if an HMO licence is not obtained following a ruling in the case of Global 100 Ltd v Jimenez and others.
In uncertain times, business tenants will look to minimise their property commitments in order to reduce costs. One of their options may be to exercise a break in a lease if such an option is included. However, case law has demonstrated the importance of tenants (and landlords) strictly complying with any conditions that are attached to a break clause. Often, this includes giving a landlord vacant possession, following the exercise of a tenant’s break notice. Failure to do so can be costly and have drastic consequences for a tenant; any failure to comply with a condition is likely to invalidate the break, resulting in the lease continuing for the remainder of the original term.
We are pleased to announce that Simon Robinson has joined our Real Estate and Construction team as a Partner, with effect from today.
The Government has for some time promised to introduce a register requiring overseas entities holding UK property to identify its beneficial owners, in its effort to increase transparency in UK property ownership and reduce the attraction of the UK’s property market to money launderers. Indeed, we last blogged about the potential overseas entities register in May 2019. With UK-based entities subject to strict information-sharing requirements since 2016 (in the form of the register of People with Significant Control or “PSC Register”), many have been calling for an equivalent overseas entities register to be implemented to provide a way of tracking overseas owners who ultimately own and control UK land.
Under s.82 of the Coronavirus Act 2020, a moratorium has been imposed on all landlords in England who have been prevented form forfeiting commercial leases on grounds of arrears with effect from 26 March 2020. Those restrictions are currently due to come to an end on 25 March 2022.
In March 2021 Twitter founder Jack Dorsey sold his very first Tweet as an NFT for $2.9 million. Around the same time the Land Registry ran a series of pilots to explore the possibility of using blockchain technology, such as NFTs, to provide some much needed modernisation and efficiency to the property buying process.
Blue plaques can be found on buildings throughout London marking where prominent historical figures have lived and worked. The scheme was founded in 1866 and is now run by English Heritage. Similar schemes are run outside of London by local authorities and organisations.
The Housing Secretary has detailed the government’s plan to “reset” its approach to building safety in order to “protect leaseholders and make wealthy developers and companies pay to fix the cladding crisis”.
In an increasingly digital world, real estate transactions have become a major target for fraudsters in recent years, with figures showing that property fraud has cost the UK Land Registry more than £70 million over the past 14 years. In 2020 alone, the Land Registry paid out £3.5million in compensation for fraud related cases. Despite advances in security enhancements and rules and regulations, the real estate sector has seen some of the largest instances of fraud, more so than any other industry, and with criminals becoming ever more imaginative this shows no sign of changing.
If you’re looking to buy a house which is listed, it will no doubt be a unique and interesting property full of character. However, you are right to be aware that the fact it is listed means there are additional controls over any works to the property
As you’ll be aware from some of our previous articles, energy efficiency is a hot topic in the property world, and more changes are on their way regarding the minimum energy efficiency standards (MEES) for commercial properties in the UK.
Law firm Kingsley Napley LLP is pleased to announce that Claire Lamkin is joining its Real Estate team as a Partner, with effect from this week.
With Extinction Rebellion taking to the streets this week for a city-wide protest, it would appear that beyond the pandemic, environment and sustainability will be the key issue that the UK is faced with. Within the rented housing market there are a number of ways in which landlords and tenants can create more environmentally friendly properties, including entering into a green lease.
On 16 March 2020 Number 10 advised those living in the UK against “non-essential travel” in order to curb the growing outbreak of Coronavirus. This encouraged many office-based businesses to communicate to their employees that they should work from home until further notice.
The UK is currently facing a housing crisis. Looking at London in particular, the property market has not been able to support the exponential growth of residents in the capital.
A Director at the National Crime Agency recently voiced concern about crypto assets being used to fund property purchases in the UK. The NCA’s Nigel Leary was quoted by The Times as saying: “Anything purchased with crypto assets I’d be slightly sceptical about. I’d like to see why they’re being done in that way and what the requirement is for that anonymity, and why it needed to be done in a crypto transaction.”
The price of Bitcoin and other crypto assets is notoriously unstable. Whether caused by a cryptic crypto related tweet from a billionaire inventor, or a crypto crackdown being announced by regulators of the world’s second largest economy, the rise and fall of crypto assets continues to prove that crypto can be risky business.
Most of us have spent the last few months largely confined to our homes, as we do our bit to follow the “stay home” guidance and fight the pandemic. Whilst every household is different, most will attest to the stresses and strains that have evolved from not leaving the house, home-schooling, working from home, working from home whilst home-schooling or being furloughed and unable to go to work.
As you will be aware from our earlier blog, the government introduced a Stamp Duty Land Tax (SDLT) holiday which began on 8th July 2020 and ends on 31st March 2021.
The Government has published the most recent Health Protection (Coronavirus Restrictions) (England) (No. 4) Regulations 2020 (“the Regulations”), taking us into a second lockdown, which will likely remind buyers and sellers of the months in which they could not view houses and building sites, and added complications to exchanging contracts, or completing transactions.
Claire Lamkin
Sinead Banful
Katie Robinson
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