Top up payment or overage overview Where a seller wishes to share in any potential increase in the market value of the land the seller has sold, the parties often agree an overage payment from the buyer. This is the
More about The buyer of my land agreed to a top up payment. I think the trigger event was activated – Why haven’t I seen a penny?Modern technologies power automated property services and provide insights to the pursuit of efficiency, sustainability and satisfying demand and tenant needs. But there are legal factors to consider. Computer vision and facial recognition used for purposes such as access control,
More about The rise of data in the property sectorBackground to the TRS The UK Trust Register was introduced as part of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“MLR 2017“). Up until then, there was no central register of trusts
More about The UK Trust Register: How this affects commercial property trustsIn today’s ever-evolving legal landscape, it can be hard for a landowner to keep track of the things they need to know for the effective management of their land. One other thing to add to that ever-growing list is the
More about Untangling the complexities: Profits à prendreWhat is ‘the Order’? The aim of the Groceries Market Investigation (Controlled Land) Order 2010 (“Order“) is to restrict large grocery retailers (“LGR“) from requiring their landlord to enter into restrictive covenants to prevent its land being used by another
More about When competition law meets commercial propertyUsufructs are a common form of ownership in France, Spain, Italy, Germany and other civil law countries. They allow a person to occupy a property and receive income, usually for their lifetime. Another person has a right to receive the property after
More about Usufructs and UK stamp duty land taxSubstitution first, standing later- a decision of Chief ICC Judge Briggs regarding supporting creditors and substituting as petitioner In an ex tempore judgment in Liberty Commodities Ltd v Citibank NA London & Ors [2023] EWHC 2020 (Ch) Chief ICC Briggs,
More about Liberty Commodities Ltd v CitibankThe government has announced that the legal definition of “treasure” in the Treasure Act 1996 will be expanded. Currently, the definition includes that objects must be “at least 300 years old” and made “from precious metal” but this is set
More about Change to the legal definition of “treasure”: Pearls of wisdom for landowners