Month: October 2024
Should I wait to extend my lease?
Although the Leasehold and Freehold Reform Act became law in May 2024, most of its provisions haven’t yet come into effect. To wait or not to wait? One of the main questions our Leasehold Enfranchisement team is currently being asked by clients is whether or not it makes sense to wait u....
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The Leasehold and Freehold Reform Act 2024: Your guide to the reforms
The Leasehold and Freehold Reform Act, which became law on 24 May 2024, is a long-awaited piece of legislation designed to make it easier and cheaper for leaseholders to extend their lease or purchase the freehold of their building. Despite the Act already being law, no commencement date has yet be....
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Read this before taking your 25% tax-free lump sum
With speculation swirling about the Labour government’s first Budget, it is unsurprising that rumoured cuts to pension taxation are causing concern amongst savers. Currently, it is being speculated that Labour will reduce the maximum tax-free lump sum amount to just £100,000, down from the curre....
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Landlord/tenant law in practice: how courts interpret the Landlord and Tenant Act 1954
The Landlord and Tenant Act 1954 (LTA 1954) provides business tenants in England and Wales with what is called ‘Security of Tenure’. Unless the parties to a tenancy/lease contract out of these ‘Security of Tenure’ provisions, tenants have the right to renew their lease on substantially the ....
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Understanding settlement agreements: A guide for small businesses employers
As a small business owner, navigating the complexities of employment law can often feel overwhelming, especially when it comes to managing difficult employee situations. Whether you are facing a redundancy situation, disciplinary issue, or potential litigation, one legal tool that can provide a res....
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Ground rent issues and Labour’s Renters’ Rights Bill
We have been closely following the progress of the government’s Renters’ Rights Bill, which was recently introduced to Parliament. In this blog, we will be delving further into the impact that the proposed legislation will have on flats with long leases (for example, where individuals have p....
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