Put on the spot

Article Abstract:

Solicitors in the UK may find themselves liable for damages if a court decides that they have been negligent by not giving lenders full information during a property transaction. Solicitors may also be considered to be negligent if they do not carry out instructions from the mortgage lender. A solicitor maybe in a difficult position when acting for both borrower and lender. Some solicitors have found that they have become involved in court cases where lenders are trying to regain their losses incurred when property prices fell during the recession.

United Kingdom, Cases, Practice, Malpractice, Liability (Law), Legal liability, Solicitors

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A legal update

Article Abstract:

French commercial property law stipulates that developers have to pay a 60,300 French francs fine for each space short on car parking requirements. The French construction index is used to calculate tax rates for offices in Paris. Large retail developments are taxed up to 83.5 French francs per square meter for occupying more than 400 square meters of space. Property developers can reduce the amount they owe on registration duty if they agree to sell the development within a stipulated time limit.

Building, Developing, and General Contracting, Building Construction, Construction industry, Laws, regulations and rules, France, Buildings, Commercial buildings

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