Doing business includes not only activities for the purpose of achieving profit, but also inextricably linked with various negotiations and disputes. An open discussion is usually that is needed to deal with situation or solve the issue amicably. Nevertheless, if you are unable to resolve the differences yourself and a dispute arises between you and
The legislation The Leasehold Reform, Housing and Urban development Act 1993 (“the Act”) provides leaseholders who meet certain qualifying criteria with a right to extend their lease by a further 90 years with a peppercorn (zero) ground rent. To qualify, a leaseholder must satisfy the following: A leaseholder will not qualify if: How to start
It is important to understand the difference between these two routes when purchasing a property with other people. Tenants in Common This route allows each person to hold their own share of the property. You can decide how to divide these shares. For example, if one person has contributed 70% to the mortgage and
What is a Long Stop Date? A long stop date (sometimes referred to as a sunset clause) is the date that the developer has set for the property to be completed, whether it is a house or a block of flats. Therefore, it is a clause in the contract agreement that the developer is obliged
A life interest trust can be created by Will on the death of the first homeowner to die. This means that the surviving owner can live in the property during their lifetime but when they die the house then passes to a third party. For this to be possible, the owners must hold their home
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