Coronavirus and commercial property – Update
News article published on: 21st September 2020
On the 16th September the Government extended the current moratorium on the enforcement action that commercial landlords can take against their tenants from the 30th September to the 31st December 2020. The number of days of rent arrears required to instigate the Commercial Rent Arrears Recovery (CRAR) procedure has been increased to 276 for notices […]
Law Commission recommendations have potential to change the face of the housing market – comment from Osbornes Law
News article published on: 22nd July 2020
Today the Law Commission of England and Wales published recommendations with the potential to transform home ownership, including making it easier and cheaper for homeowners to buy the freehold or extend their lease and making commonhold the preferred alternative to leasehold as a way of owning homes. Commenting on the proposals, Guy Osborn, head of […]
COMMERCIAL PROPERTY – COVID 19 CODE OF PRACTICE
News article published on: 23rd June 2020
As well as extending the current moratoriums on forfeiture of leases based on arrears of rent, extending the arrears of rent required to instigate CRAR to 189 days and extending the temporary ban on statutory demands until the 30th September 2020, the Government has now published a Code of Practice for commercial property relationships during […]
COVID-19 increases risk of Property Fraud
News article published on: 28th May 2020
Since the Government placed England in lockdown, in March, due to COVID-19 empty properties across England have likely gone unchecked. This could include second properties, holiday homes, rental properties without tenants, properties awaiting or being sold through probate, properties where the owners have gone into hospital or care and many more. We have all heard […]
Post lockdown conditions have created a perfect time to buy a property
News article published on: 27th May 2020
A short-term drop in housing prices caused by Covid-19 and the existing low cost of borrowing have created the ‘perfect time to buy a property’, according to a conveyancing expert. The housing market has reopened after being put on hold from mid-March as part of efforts to limit the spread of coronavirus, leading to a […]
To move or to improve? Legal considerations when looking to improve a leasehold property
News article published on: 15th May 2020
In an uncertain property market many of us are looking to stay put and make what we already have better to add value to the property – whether this be an extension, loft conversion or even simply knocking down walls. When you own a freehold house this task can involve securing any necessary planning permission, […]
Property Market Gets The Green Light!
News article published on: 13th May 2020
Buyers, Sellers, Estate Agents, Solicitors, Mortgage Companies, Surveyors and many more have been waiting since March for the Government to confirm that home moving can begin again. To everyone’s relief this is possible as of today (13 May 2020). Since the Government placed England in Lock Down in March due to COVID-19 only a small […]
Let’s talk leasehold charges
News article published on: 6th May 2020
Buying a home warrants a financial commitment like no other. From needing cash for a deposit, mortgage fees, conveyancing fees, stamp duty and moving costs, the list is extensive! And it doesn’t stop there if you are buying a leasehold property, in fact there may be “hidden” costs beyond those listed above. In this article […]
Reforming the law on Leasehold Reform and COVID 19: Should I still be looking to extend my lease?
News article published on: 30th April 2020
The first questions to address for most leaseholders are: What is a lease? And, when and why should you consider extending the lease of your property? If you purchase a leasehold property you purchase a right to use the property for a fixed period that is stipulated in the lease, this is known as the […]
Coronavirus: Government introduces further restrictions on recovery of rent by Commercial Landlords
News article published on: 30th April 2020
On the 25th March 2020 the government introduced a moratorium on Landlords forfeiting their Tenants leases, this left Landlord’s whose rent has not been paid on the March quarter date with two main avenues by which to enforce payment of rent, the service of a statutory demand and Commercial rent Arrears Recovery (CRAR). However as […]
