Government Pilots New Register of Retail Landlords
The Government has announced the introduction of a new register of retail landlords. In an effort to boost commercial leases within high street retail, the register is intended to speed up the leasing process by making it easier for prospective tenants to identify owners of high street properties. According to research by Estates Gazette looking […]
RICS’ New Commercial Property Service Charge Rules Take Effect
New rules governing commercial property service charges come into force today. In its ‘service charges in commercial property’ professional statement, the Royal Institution of Chartered Surveyors (RICS) introduces new mandatory requirements on all of its members and relevant RICS-regulated firms. The new standards have the aim of ensuring charges are both fair on tenants and […]
UK Court Rules Brexit Does Not Invalidate Long-Term Commercial Lease
The High Court has ruled that the UK’s exit from the European Union does not have the effect of invalidating a long-term commercial lease. The European Medicines Agency (EMA) had attempted to end the £500 million office lease on its Canary Wharf headquarters on the basis that it had “no choice” but to leave London […]