Seize the moment
Article Abstract:
The UK government has issued a consultation paper addressing many aspects of residential leases. In particular, the paper looks at collective enfranchisement of blocks of flats. The paper indicates that a freeholder should have the right, as at present, to take a 999-year leaseback of the non-residential element of the building, if he or she wishes. Most flat owners would not be able to finance the purchase of a substantial non-residential element, however, and it would be better for the enfranchisement group to have the right to force the freeholder to accept a 999-year leaseback of the non-residential space.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
Harsh but fair?
Article Abstract:
Landlords in the UK should be aware that distress, a self-help remedy under which they can seize tenants' goods and sell them if they are owed money, is only available in relation to fixed sums due as 'rent.' There must be a lease in operation, rather than just a licence to occupy. It is not necessary to make a demand before levying distress. However, the right to distress is lost by payment or tender of the rent due, forfeiture by re-entry and by judgment for the rent.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Leisure development. Extras on top
- Abstracts: Revalued judgment. Whitehall's businessman. Yes, no, maybe ..
- Abstracts: A way through the mire. Foul-up over fair play
- Abstracts: Anywhere, anytime. Shift in focus
- Abstracts: Show some euro vision. Fight nerves over EMU. With EMU win or lose?: there is a great deal at stake for the UK's overall economy and its property sector in the country's participation or non-participation in European monetary union