A smart approach to commercial assets
|
|
- Winfred Sherman
- 6 years ago
- Views:
Transcription
1 A smart approach to commercial assets Working in partnership with
2 Today s speakers Bob Agnew Partner, Head of Commercial Real Estate Croftons Solicitors Gareth Kreike Managing Director Longden & Cook Real Estate Jonathan Drake Service Director Business Development Salix Homes
3 Opportunities when RP is the OCCUPIER Bob Agnew, Croftons, & Gareth Kreike, Longden & Cook
4 RP as occupier: break clauses Potential to Reduce rental overheads Potential source of extra revenue Example: 10 year lease Annual rent 50K Break option at end of year 5
5 RP as occupier: break clauses Exercising the break option Terminates lease Often used when premises are surplus to operational requirements Be careful with conditions!
6 RP as occupier: break clauses But we intend to remain in occupation RPs: strong tenant covenant = good for the money, valuable to landlords Consider selling break option back for a premium Dependent on market, not always suitable Benefits: For landlord: tenant retained, reliable income protected, enhanced property value For tenant: free cash with zero impact on operations
7 RP as occupier: lease re-gears A what? Renegotiation of lease during current term, often linked with extending occupation period. Opportunity to leverage value as a strong tenant covenant. Benefits: Landlord: nervous of losing a good tenant, rental void, and liability for business rates = keen to secure new lease Tenant: committed to remain, earlier certainty of prolonged occupation, negotiate favourable incentives (eg rent-free period) Look at re-gear two years before lease term expiry
8 RP as occupier: sale & lease-back Less common, but an opportunity for some RPs. Applicable: Where you own premises Money/equity tied-up With RPs seen as strong tenants, consider sale of freehold subject to a favourable leaseback to RP Release substantial capital sum, albeit with ongoing rental liability.
9 RP as occupier: sale & lease-back Issues? Not suitable for all particularly if the premises already secured to a lender But Can be a useful source of capital, with no disruption to operations
10 Established 1891 Specialising in the management and valuation of commercial and residential property So much to talk about and so little time!
11 RP as occupier: dilapidations What are your repairing obligations? Put and keep When does the lease expire? Are you intending to vacate? Limitations on the potential claim What actions should you consider? Costs
12 RP as occupier: rent reviews What are they meant to achieve? How do they work? Legislation? Agree/disagree Third Party Determination Costs
13 Managing a commercial portfolio Jonathan Drake, Service Director Business Development, Salix Homes
14
15 Shop portfolio what it isn t
16 Shop portfolio what it is
17 Shop portfolio what it is 45 shops 15 voids 3 illegal assignments Lapsed leases Tenancies at will Community assets Potential of 102,000 income p.a.
18 What have we done so far New valuations Lease renegotiations Empty Homes property fund - 170,000 (x6 empty units) Illegal assignments Payment plans Legal actions Let 3 units
19 In conclusion Sweating the assets vs
20 Opportunities when RP is the LANDLORD Gareth Kreike, Longden & Cook, & Bob Agnew, Croftons
21 RP as landlord: property management Repairing and other obligations of the Parties Is there a lease in place? Do you have a copy? What is the rent? Is it being paid? Are there any arrears? Arrears collection? Is it occupied? If so by whom? When was it last inspected?
22 RP as landlord: service charges What are Service Charges (typical mixed use building)? How should they be calculated? What does the lease say? Collection Do you need to update your commercial leases to reflect reality or commercial sense (or both)?
23 RP as landlord: outsourcing Commercial Property Management and Service Charge operation does it fit your organisation? Should you outsource? Reduce costs, improve efficiency and effectiveness
24 RP as landlord: valuation Ensure that you are maximising your assets Diarise rent reviews always aim for even a modest uplift Use specialist valuers for rental value advice and implementation of rent review procedures Portfolio valuation how much is the commercial element of your property portfolio worth?
25 RP as landlord: reviewing leases Streamline your commercial property management Are your leases readily accessible and up to date? Are all key dates known/noted? Typical issues Repair issue with H&S implications: RP doesn t know who is responsible out of caution, RP arranges and funds the repair Mixed bag of tenants, different leases, inconsistency of obligations = difficult to manage
26 RP as landlord: reviewing leases We can review your leases, creating a dynamic spreadsheet, highlighting key dates and responsibilities Low-cost exercise, and Save unnecessary expenditure, reduce the management time allocated to managing your commercial lettings
27 RP as landlord: adopt a bespoke, house style lease Advantages Consistency of responsibilities Harness internal input to ensure leases reflect organisational needs Maximise recovery of costs on shared items, (eg maintenance of common parts) Much easier to manage, helping preserve and enhance the value of, and returns from, your commercial stock
28 Any questions?
29 Bob Agnew / bob.agnew@croftons.co.uk Gareth Kreike / gk@longdencook.com Jonathan Drake / jonathan.drake@salixhomes.org
Who you are and why it matters
Principles of Negotiating a Lease A guide for Voluntary Organisations, Social Businesses and Charities A Resource by James McCallum and Clare Garbett, Russell Cooke James McCallum and Clare Garbett provide
More informationMINIMUM ENERGY EFFICIENCY STANDARDS (MEES) Protecting Your Assets
MINIMUM ENERGY EFFICIENCY STANDARDS (MEES) Protecting Your Assets MINIMUM ENERGY EFFICIENCY STANDARDS (MEES) PROTECTING YOUR ASSETS REQUIREMENTS The Energy Efficiency (Private Rented Sector) (England and
More informationProperty Consultants making a real difference to your business
Property Consultants making a real difference to your business Making commercial sense of property Focused on commercial benefits Making property add value to your business In everything we do, we are
More informationBUSINESS PROPERTY LEASES
What is a lease? Freephone 0800 083 8018 BUSINESS PROPERTY LEASES 1 FACTSHEET 3 (2018) A lease is a legal agreement, drawn up in writing, which allows you to occupy and use a property for a certain length
More informationLETTING & MANAGMENT TERMS AND CONDITIONS
LETTING & MANAGMENT TERMS AND CONDITIONS Thank you for instructing Blackstones Residential to act on your behalf in marketing your property for rental. Our terms and conditions are detailed in the following
More informationA Guide to Commercial Property Due Diligence. The 15 checks you should always make before buying a commercial property
A Guide to Commercial Property Due Diligence The 15 checks you should always make before buying a commercial property About the Author Claire Russell - BA LLB (Hons) Director Domus Holmes Property Group
More informationTO LET. Your guide to Buy to Let. Protection made easier by Legal & General
TO LET Your guide to Buy to Let Protection made easier by Legal & General 2 Welcome to Legal & General s Buy to Let guide. We hope you find this useful when considering whether to purchase a Buy to Let
More informationDiscretionary Freehold Purchase
Discretionary Freehold Purchase This leaflet gives some information about buying the freehold of your building under Westminster's Discretionary Freehold Purchase scheme. It is not a comprehensive guide
More informationProperty Notes. Self Invested Personal Pension
Self Invested Personal Pension Property Notes The Financial Conduct Authority is the independent financial services regulator. It requires us, AJ Bell Management Limited, to give you this important information
More informationLEASEHOLD PROPERTY CLIENT GUIDE
CLIENT GUIDE LEASEHOLD PROPERTY As the owner of a Leasehold property, it is in your own interest to understand the legal nature of the ownership. What exactly do you own and what are the associated rights
More informationResidential Buy to Let Landlords Administration of Estates
Residential Buy to Let Landlords Administration of Estates What you need to know Many people invest in a buy to let property as part of their portfolio of investments. The law and procedure in relation
More informationRents for Social Housing from
19 December 2013 Response: Rents for Social Housing from 2015-16 Consultation Summary of key points: The consultation, published by The Department for Communities and Local Government, invites views on
More informationYORKSHIRE HOUSING ADMINISTRATION CHARGES
Throughout the ownership of your property Yorkshire Housing may carry out additional work or services which are not covered by our management fee. On these occasions we charge a direct administration fee
More informationGovernment Consultation in Tackling Unfair Practices in Leasehold. Response from Association of Retirement Housing Managers (ARHM)
Government Consultation in Tackling Unfair Practices in Leasehold Response from Association of Retirement Housing Managers (ARHM) The ARHM represents management organisations who together manage around
More informationDental Buyer s Guide
What you need to know Contents Buying practices Who will own and run the practice? Sole practitioner Partnership and Expense sharing Corporate bodies The NHS Contract Associate Agreements Other employment
More informationReal Estate Advisory Services. Legal advice and specialist property services for investment, development and management
Real Estate Advisory Services Legal advice and specialist property services for investment, development and management Real Estate Advisory Services Everything you would expect from real estate legal experts,
More informationNorthampton Tenant s Panel. Tenancy Rights and Tenancy Agreements
Northampton Tenant s Panel Tenancy Rights and Tenancy Agreements Development Session Dr Steve Sharples (PS Consultants) Independent Tenant Adviser 6 November 2012 Why are tenancy rights an issue? In any
More informationLease Accounting and Loan Covenants: What is the Impact?
Lease Accounting and Loan Covenants: What is the Impact? Monday June 26, 2017 9:15 AM 10:30 AM Presented by: Charlie Shannon Partner Moss Adams LLP 8750 N. Central Expressway, Suite 300 Dallas, TX 75231
More informationProject Economics: The Value of Leasing. Russell Banham, Savills
ICSC European Retail Property School Project Economics: The Value of Leasing Russell Banham, Savills (Investment, Development & Asset Management) Introduction Who I am Russell Banham Over 30 years of experience
More informationA SIX-STEP GUIDE TO LETTINGS ALL YOU NEED TO KNOW ABOUT BECOMING A LANDLORD
A SIX-STEP GUIDE TO LETTINGS ALL YOU NEED TO KNOW ABOUT BECOMING A LANDLORD 01 STEP: PREPARING TO LET Letting a property is a great way to generate income, but before you can sit back and let the funds
More informationLandlords North Wales Lettings Information for Landlords
Landlords North Wales Lettings Information for Landlords Why Choose Us? Whether you are letting a property for the first time, or already work with an existing property portfolio, we are able to provide
More informationPapers The Digital Economy Act : What surveyors need to know about changes to the law on telecommunications equipment
Journal of Building Survey, Appraisal & Valuation Volume 6 Number 3 Papers The Digital Economy Act : What surveyors need to know about changes to the law on telecommunications equipment Michael Watson
More informationDiscussion paper RSLs and homelessness in Scotland
Discussion paper RSLs and homelessness in Scotland From the Shelter policy library April 2009 www.shelter.org.uk 2009 Shelter. All rights reserved. This document is only for your personal, non-commercial
More informationThe Landlord and Tenant Act 1954 governs the rights and obligations of landlords and tenants of
The Landlord & Tenant Act 1954 and Security of Tenure The Landlord and Tenant Act 1954 governs the rights and obligations of landlords and tenants of premises which are occupied for business purposes.
More informationTenancy Policy. Director of Operations. Homes and Neighbourhoods. 26 March Page 1 of 10
Tenancy Policy Lead Director Director of Operations EMT Review Pol Ref No POL 19 Committee Review Homes and Neighbourhoods Board Approval 26 March 2018 Review Date March 2021 Page 1 of 10 Page 2 of 10
More informationThe Rent Shop Ltd. Prospectus. just a coffee a day. The finest Property Management for. the rent shop ltd licensed real estate agent
The Rent Shop Ltd Property Management Prospectus The finest Property Management for just a coffee a day the rent shop ltd licensed real estate agent OUR Approach The Rent Shop Ltd has over 25 years experience
More informationFactsheet 2. Good practice and factors for consideration in England and Wales
Good practice and factors for consideration in England and Wales This factsheet is intended to help resolve some of the questions that arise in relation to disability-related alterations to common parts
More informationRural & Professional
Rural & Professional Butler Sherborn s Rural and Professional department prides itself on providing tailored personal and professional advice to an ever widening variety of property owners and occupiers
More informationCouncil Policy. Council policy title: Lease and Licence Policy 2018
Council Policy Council policy title: Lease and Licence Policy 2018 Council policy owner: Adopted by: 1. Policy intent Council is the custodian of land and building assets that support a wide range of community
More informationShared Ownership: The Absolute Truth
Shared Ownership: The Absolute Truth Shared Ownership: The Absolute Truth Are you looking to buy a property and realising how difficult it is to find something that you want, in an area you like at a price
More informationReference: SO/SRR/DW Approved: 4/4/17. Shared Ownership Staircasing Reverse Staircasing, and Remortgaging. Author: Deborah White Approved by:
Shared Ownership Staircasing Policy Reference: SO/SRR/DW Approved: 4/4/17 Scope: Shared Ownership Staircasing Reverse Staircasing, and Remortgaging Related Policies: Shared Ownership Sales, Resales and
More informationProperty notes for the AJ Bell Investcentre SIPP
Property notes for the AJ Bell Investcentre SIPP Contents Introduction 3 The property 3 The seller 3 Valuations 3 Energy Performance Certificate 3 Trustee borrowing 4 The purchase 4 Property management
More informationSmall Self Administered Scheme. Property Notes
Small Self Administered Scheme Property Notes Contents 1. Introduction... 3 2. The Property... 3 3. The Vendor... 3 4. The Legal Owners... 3 5. Valuations... 4 6. The Purchase... 4 7. Tenants... 4 8. Lease...
More informationHAVEBURY HOUSING PARTNERSHIP
HS0025 HAVEBURY HOUSING PARTNERSHIP POLICY HOME PURCHASE POLICY Controlling Authority Director of Resources Policy Number HS025 Issue No. 3 Status Final Date November 2013 Review date November 2016 Equality
More informationBristol Commercial Property
Bristol Commercial Property With its unique atmosphere characterised by creative businesses and independent shops, restaurants and bars, Bristol is one of the most vibrant and exciting places in the UK
More informationLower risks for better outcomes. 7 Practical Risk Management Tips For Real Estate Professionals
Lower risks for better outcomes 7 Practical Risk Management Tips For Real Estate Professionals Contents 2 Follow your Client s instructions 3 Keep adequate records 3 Do not perform work that you are not
More informationPolicy briefing: Avoiding unnecessary evictions among social tenants in Wales
Policy briefing: Avoiding unnecessary evictions among social tenants in Wales September 2018 Introduction This paper sets out the case for raising minimum standards in the way in which social landlords
More informationLandlord & Investor Services
COMMERCIAL PROPERTY CONSULTANTS Landlord & Investor Services www.deriaz.co.uk CONTENTS PRACTICE PROFILE Practice Profile Page: 02 Meet The Team Page: 03-04 Property Management Page: 05 Lease Renewals and
More informationR E N T S A V E R A G R E E M E N T
R E N T S A V E R A G R E E M E N T between «Landlord» and «Tenant1» «and» «Tenant2» Property at: «Street_address» Rent Saver Agreement 2 Rent Saver Agreement Date: Parties 1. «Landlord» ( us or we or
More informationAmendments to the Western Australian Retail Tenancy Legislation
Amendments to the Western Australian Retail Tenancy Legislation Retail tenancy legislation in Western Australia has been gearing up for a major change. The Commercial Tenancy (Retail Shops) Agreements
More informationSERVICE POLICY MUTUAL EXCHANGES AND SUCCESSIONS OF TENANCY
SERVICE POLICY MUTUAL EXCHANGES AND SUCCESSIONS OF TENANCY INTRODUCTION This policy was reviewed following the introduction of Choice Based Lettings for the North Yorkshire Sub-Regional area. In light
More informationBuying the Freehold Interest in your Building with other flatowners (Leasehold Reform, Housing and Urban Development Act 1993)
Buying the Freehold Interest in your Building with other flatowners (Leasehold Reform, Housing and Urban Development Act 1993) 19 OCTOBER 2011 C ATE GOR Y: ARTI C LE This note sets out the procedure following
More informationH 19. Sustainability Policy. April 2017 April 2020
H 19 Sustainability Policy Date of Approval Review due April April 2017 April 2020 Contents 1. Introduction Purpose of the Policy 2. Key Policy Issues 3. Tenancy Sustainability Policy 4. Aims and Objectives
More informationOpportunity for Property Owners to Lease/Rent Residential Properties
Opportunity for Property Owners to Lease/Rent Residential Properties Information Booklet agency Disclaimer: The material contained in this booklet is for information and guidance purposes only and is not
More informationService Charge Guide
Service Charge Guide Windsor Housing Association, Swaythling Housing Society Ltd, Drum Housing Association and Longwood Park registered as the Freeholder of your property are subsidiaries of Radian. Radian
More informationPOLICY BRIEFING. ! Housing and Poverty - the role of landlords JRF research report
Housing and Poverty - the role of landlords JRF research report Sheila Camp, LGIU Associate 27 October 2015 Summary The Joseph Rowntree Foundation (JRF) published a report in June 2015 "Housing and Poverty",
More informationMAXIMUM RENTAL INCOME MINIMUM EFFORT
The Home of Urban Living Landlord Guide MAXIMUM RENTAL INCOME MINIMUM EFFORT WELCOME TO PARKLANE THE HOME OF URBAN LIVING Parklane is one of Leeds premier letting and property management companies. With
More informationLetting out your property
Letting out your property 1. Property insurance Please ensure that your insurance company is notified that the property is let so that full cover can be maintained. 2. Arrears The mortgage account must
More informationAgricultural Leasing in Maryland
Agricultural Leasing in Maryland By: Paul Goeringer, Research Associate, Center for Agricultural and Natural Resource Policy Note: This publication is intended to provide general information about legal
More informationAsset & Liability Registers. 25 th February 2016
Asset & Liability Registers Jim Lashmar Director Altair Stephen Benson Consultant Altair 25 th February 2016 Background: Cosmopolitan failure Background Cosmopolitan Housing Group Cosmopolitan Housing
More informationNATIONAL RIFLE ASSOCIATION Real Estate Policy (July 2016)
NATIONAL RIFLE ASSOCIATION Real Estate Policy (July 2016) Introduction This policy statement, which covers all uses of real estate and forms of tenure at Bisley, has been adopted by the Council of the
More informationSection 21 Procedure
Section 21 Procedure Ben Fullbrook Introduction What is an Assured Shorthold Tenancy? The section 21 procedure: what, how and when to serve? What is the effect of the notice? 1 What is an Assured Shorthold
More informationPAGE INTRODUCTION 2 ABOUT ENGLISH RURAL 2 HOW SHARED OWNERSHIP WORKS 2 WHO QUALIFIES 3 THE COSTS 3 AFFORDABILITY 4 BUYING EXTRA SHARES 4
CONTENTS PAGE INTRODUCTION 2 ABOUT ENGLISH RURAL 2 HOW SHARED OWNERSHIP WORKS 2 WHO QUALIFIES 3 THE COSTS 3 AFFORDABILITY 4 BUYING EXTRA SHARES 4 DEALING WITH MORTGAGE DIFFICULTIES 4 MOVING ON 5 LIVING
More informationCommon mistakes people make when moving house ( and how to avoid them)
Common mistakes people make when moving house ( and how to avoid them) For many people buying or selling a home is an extremely stressful experience. Usually the process involves a chain of transactions
More informationUpdated Value for Money Performance based on the HouseMark Report 2015/2016. delivering promises, improving lives
Updated Value for Money based on the HouseMark Report 2015/2016 delivering promises, improving lives Updated Value for Money based upon the HouseMark Annual Report (November 2016) This document contains
More informationLeasehold home ownership: buying your freehold or extending your lease. Law Commission Consultation Paper
Leasehold home ownership: buying your freehold or extending your lease Law Commission Consultation Paper @Law_Commission www.lawcom.gov.uk Our role The Law Commission is a statutory independent body created
More informationInvestment Guide. home loans
Investment Guide home loans Your investment journey With the right finance solution, a property investment can build your wealth and improve your financial security. There are hundreds of thousands of
More informationLANDLORDS TERMS AND CONDITIONS
LANDLORDS TERMS AND CONDITIONS AGENCY AGREEMENT Between Cloud9 Aspirational Property Management Limited The Old Chapel, 14 Fairview Drive, Redland, Bristol, BS6 6PH and Landlord s name/s (all joint landlords):..
More informationYour guide to: Staircasing. How to buy further shares in your Shared Ownership home. Great homes, positive people, strong communities
Your guide to: Staircasing How to buy further shares in your Shared Ownership home Great homes, positive people, strong communities Contents What is staircasing? 1 What provisions are there for staircasing?
More informationPolicy for Managing Shared Ownership
Policy for Managing Shared Ownership October 2017 October 2020 www.horizonhousing.org This policy applies to Link Group Link Housing Link Living Link Property Horizon Larkfield West Highland Lintel Trust
More informationLocal knowledge, regional outlook
Local knowledge, regional outlook BA Commercial is an independent property consultancy operating across Cheshire and North Wales. Providing advice for over 50 years, we are the region s longest established
More informationDate: July All Wards Affected
Item No. Report title: Classification: Open Ward(s) or groups affected: From: Date: July 23 2007 Meeting Name Deputy Leader and Executive Member for Housing Sale of Freehold Reversionary Interests All
More informationTHE COPELAND CENTRE AND MORESBY PARKS DEPOT LEASE OF PART. Fiona Rooney, Director of Commercial and Corporate Resources. Manager.
THE COPELAND CENTRE AND MORESBY PARKS DEPOT LEASE OF PART EXECUTIVE MEMBER: LEAD OFFICER: REPORT AUTHOR: Councillor Lena Hogg (Land and Property). Fiona Rooney, Director of Commercial and Corporate Resources.
More informationProperty: Guardsman Tony Downes House, 5 Manchester Road, Droylsden M43 6SF
Norfolk House 7 Norfolk Street Manchester M2 1DW T: +44 (0)8449 02 03 04 F: +44 (0)161 956 4009 04B710303/ES09 29 th September 2017 Greater Manchester Pension Fund Guardsman Tony Downes House 5 Manchester
More informationSome homes may not be eligible and in those cases we will try to find an alternative property that you can buy.
1. Introduction The Voluntary Right to Buy (VRTB) is an 18 month government-led pilot scheme which gives assured tenants of housing associations in the Midlands area the right to buy their home at a discounted
More informationLetting out your property
Letting out your property England and Wales EXPLANATORY NOTES CONCERNING YOUR MORTGAGE IMPORTANT: Please read these notes before you fill in and sign the tenancy application. 1. Property insurance Please
More informationCLACKMANNANSHIRE TENANTS AND RESIDENTS ASSOCIATION WRITTEN SUBMISSION
CLACKMANNANSHIRE TENANTS AND RESIDENTS ASSOCIATION Introduction WRITTEN SUBMISSION In order to respond to the Scottish Government s Housing (Scotland) Bill Clackmannanshire Tenants and Residents Federation
More informationAGENCY AGREEMENT REFERENCE NUMBER. Between: (hereinafter referred to as the Landlord )
AGENCY AGREEMENT REFERENCE NUMBER Between: (hereinafter referred to as the Landlord ) and: Rollos Law LLP 11 Bell Street St Andrews KY16 9UR (hereinafter referred to as the Agent ) Re: (hereinafter referred
More informationRecovering the Costs of Leasehold Management
Recovering the Costs of Leasehold Management CIH HOME OWNERSHIP & LEASEHOLD MANAGEMENT CONFERENCE & EXHIBITION 3 4 FEBRUARY 2015 The Challenge A New Mindset The Basic Idea Sample Clauses Types of costs
More informationPROPERTY LITIGATION ASSOCIATION
PROPERTY LITIGATION ASSOCIATION PRE-ACTION PROTOCOL FOR CLAIMS FOR DAMAGES IN RELATION TO THE PHYSICAL STATE OF COMMERCIAL PROPERTY AT THE TERMINATION OF A TENANCY (THE "DILAPIDATIONS PROTOCOL") Third
More informationAPPENDIX A DRAFT. Under-occupation Policy
APPENDIX A DRAFT Under-occupation Policy Published: August 2013 1 1 EXECUTIVE SUMMARY 1.1 The introduction of the Welfare Reform Act 2012 has led to cuts in the amount of housing benefit people receive
More informationOperating council-run Private Sector Leasing schemes to meet housing need and make a profit
Operating council-run Private Sector Leasing schemes to meet housing need and make a profit Martin Pereira Martin.pereira@havering.gov.uk What do you know about Social Lettings Agencies and what do you
More informationRESIDENTIAL LETTING TERMS OF ENGAGEMENT and AGENCY AGREEMENT
RESIDENTIAL LETTING TERMS OF ENGAGEMENT and AGENCY AGREEMENT ADVISORY NOTES Before considering the Letting of your property, there are certain matters which you will need to clarify or attend to:- Is the
More informationREQUEST FOR CONSENT TO ALTER OR ADD TO A LEASEHOLD PROPERTY Guidance Notes for Leaseholders
Introduction Homeground and Leasehold Property Alterations Homeground Management Limited ( Homeground ) acts as an agent for a large number of companies which own Freehold and other Landlord interests
More informationSelf-Builds Independent
What you need to know Self-Builds Offering Independent Mortgage Advice Contact Us: Telephone: +44 (0) 1983 616666 Look us up: www.prospectmortgage.co.uk About 12,000 people build their own homes in the
More informationProperty administration overview and risk warning notice
Property administration overview and risk warning notice Overview of property administration You have informed us that you wish to purchase a property within your Scheme. Please complete and return to
More informationBUYING FOR THE FIRST TIME. A GUIDE by David Pett Solicitor/Director with MJP Conveyancing
BUYING FOR THE FIRST TIME A GUIDE by David Pett Solicitor/Director with MJP Conveyancing From my 16 years of working in the property market, I would have to say that the biggest mistake people make is
More informationA guide to... HMO and Multi-Unit Blocks
A guide to... HMO and Multi-Unit Blocks Houses of Multiple Occupation (HMO s) are becoming an increasingly popular option for landlords looking to achieve higher rental yields, and mortgages for such properties
More informationWelcome.
Welcome Keith Flavell Managing Partner Introduction and Welcome Sarah Paul Partner & Head of Commercial Property Landlord & Tenant 2009 The Year of Keeping Going What can Landlords do? Be proactive and
More informationGuidance Notes for Solicitors
Small Self Administered Scheme SSAS Property Purchase Guidance tes for Solicitors You have been asked to advise in relation to either an existing property, or a property purchase, by the trustees of a
More informationSurveyors and phone masts
Journal of Building Survey, Appraisal & Valuation Volume 2 Number 1 Surveyors and phone masts Michael Watson Received: 18th December, 2012 Shulmans LLP, 120 Wellington St, Leeds LS1 4LT, UK. Tel: +44 (0)113
More informationDeed of Guarantee (Limited)
Deed of Guarantee (Limited) IMPORTANT WARNING TO INTENDED GUARANTOR/S: By signing this document you agree to underwrite the rental and other responsibilities of the Tenant under his/her tenancy agreement.
More informationName: Date: 1. Generally, an oral lease for five years is A) illegal. B) unenforceable. C) a short-term lease. D) renewable only in writing.
Name: Date: 1. Generally, an oral lease for five years is A) illegal. B) unenforceable. C) a short-term lease. D) renewable only in writing. 2. The lessor and lessee have agreed to a lease term of five
More informationPROPERTY INVESTMENT NOTES
OPEN PENSION PROPERTY INVESTMENT NOTES Powered by the London & Colonial... www.londoncolonial.com Contents 1. Introduction... Page 2 2. The People... Page 2 3. The Process... Page 3 4. How do I apply to
More informationOverview Home Ownership Policy
Overview Home Ownership Policy Version 1 Approved by: Executive Team Approved date: 16 April 2018 Effective from: 1 May 2018 1.0 Introduction 1.1 The objective of this Policy is to set the general parameters
More informationTACKLING UNFAIR PRACTICES IN THE LEASEHOLD MARKET RESPONSE OF ANTHONY COLLINS SOLICITORS LLP ( ACS )
DEPARTMENT FOR COMMU NITIES AND LOC AL GOVERNMENT TACKLING UNFAIR PRACTICES IN THE LEASEHOLD MARKET RESPONSE OF ANTHONY COLLINS SOLICITORS LLP ( ACS ) INTRODUCTION AND BACKGROUND TO THE ACS RESPONSE ACS
More informationProperty. Management. Performance.
Property. Management. Performance. 2 4 6 PROPERTY MANAGEMENT FROM A DIFFERENT ANGLE TENANCY MANAGEMENT (RESIDENTIAL LETTINGS) PRIVATE RENTED SECTOR MANAGEMENT Brunsfield specialises in residential lettings,
More informationPROPERTY MATTERS FAQs
Investing in the future of primary care property PROPERTY MATTERS FAQs We develop, invest and manage primary care properties enabling the delivery of patient care at the heart of the community. As the
More informationNotices to Vacate and Ending a Lease
Fact Sheet Notices to Vacate and Ending a Lease Notices to Vacate What is a notice to vacate? A notice to vacate is a letter to end a lease. It can be written by you or by your landlord. There has to be
More informationAussie Bonds Australia
Aussie Bonds Australia we help to make property dreams happen! Thanks for downloading. After reading, I trust I ve provided greater awareness of how broadly Deposit Bonds can be used. I often find that
More informationWHAT SURVEY DO YOU REQUIRE?
WHAT SURVEY DO YOU REQUIRE? A guide to professional surveys on all property by the Islands most experienced and established independent firm of Chartered Surveyors. SURVEYS SERVICE MENU 1. Structural Surveys
More informationScottish Election 2007 Summary of Party Manifestos. Scottish Labour Party Election Manifesto 2007
Scottish Election 2007 Summary of Party Manifestos Scottish Labour Party Election Manifesto 2007 Housing Communities There is clearly an under supply of new homes. Through the National Planning Framework,
More informationby Bill Tinsley & CB Team Ellis & Tinsley, Inc. Commercial & Investment Real Estate What s In This Report?
by Bill Tinsley & CB Team Ellis & Tinsley, Inc. Commercial & Investment Real Estate 817-737-5000 What s In This Report? The biggest risk in NNN investing and how to avoid it. Metrics that can identify
More informationBriefing paper A neighbourhood guide to viability
Briefing paper A neighbourhood guide to viability 2 Introduction Community Led Design and Development is a programme funded by the Department for Communities and Local Government s Tenant Empowerment Programme
More informationReclassification of properties the pros and cons
Reclassification of properties the pros and cons Simon Smith Assistant Director CIH consultancy July 2013 Overview Why do it? The Legal Position Financial Implications Other Strategic Implications What
More informationThe complete sales, marketing and property management service
The complete sales, marketing and property management service Plumlife_Sales&Management_Brochure_A5.indd 1 13/12/2016 16:26 About Us We specialise in: Sales, branding, marketing & PR Block and estate management
More informationSHEFFIELD TEACHING HOSPITALS NHS FOUNDATION TRUST EXECUTIVE SUMMARY REPORT TO THE BOARD OF DIRECTORS HELD ON 19 SEPTEMBER 2012
SHEFFIELD TEACHING HOSPITALS NHS FOUNDATION TRUST EXECUTIVE SUMMARY REPORT TO THE BOARD OF DIRECTORS N HELD ON 19 SEPTEMBER 2012 Subject PCT Property and Estate Transfers Supporting Board Member Kirsten
More informationPROPERTY MANAGEMENT GUIDE
MANAGEMENT GUIDE CONTENTS #4 INTRODUCTION #10 USING HOME EQUITY #16 LANDLORD INSURANCE #6 WHY INVEST IN? #12 INVESTMENT BENEFITS #18 WHAT COSTS WILL I HAVE TO MEET? #8 DO YOUR SUMS #13 CHOOSING AN INVESTMENT
More informationIssues to Consider in Rights of First Refusal
Issues to Consider in Rights of First Refusal Written By Clint D. Routson (cdr@wardandsmith.com) October 16, 2017 People often talk about giving or getting a Right of First Refusal ("ROFR") in real estate
More informationSHEPHERDS BUSH HOUSING ASSOCIATION UNDEROCCUPYING AND OVERCROWDING POLICY
(UNCONTROLLED WHEN PRINTED) SHEPHERDS BUSH HOUSING ASSOCIATION 1. INTRODUCTION Shepherds Bush Housing Association (SBHA) intend to avoid underoccupation of our properties and to minimise and avoid overcrowding
More information