Real estate transactions

Real estate transactions guidance:

An agreement for lease is an agreement entered into by a property owner or landlord and a tenant, under which the tenant agrees to enter into a lease in respect of the...

Practice Note

In an agreement for lease which provides for construction works to be carried out, an obligation for the landlord to procure collateral warranties (or third party rights)...

Practice Note

This Practice Note looks at how an agreement for lease with development obligations may require the landlord to remedy defects in the works. It also looks at whether...

Practice Note

From a construction lawyer's perspective, whether acting for a developer/landlord or a tenant, one of the key sections of an agreement for lease is that which contains...

Practice Note

Under an agreement for lease which contains development obligations, the tenant’s obligation to take the occupational lease only arises once the developer’s works have...

Practice Note

In an agreement for lease which includes construction obligations, the landlord will be contractually obliged to provide the tenant with a certain building (or part...

Practice Note

Delay in completion of the landlord’s works can be of far greater concern to a tenant than whether the works have been built in accordance with the specification or if...

Practice Note

Variations to the agreed drawings and specifications are usually needed on all major construction projects—see Practice Note: What is a variation on a construction...

Practice Note

Insuring the developer’s works As between the developer and the tenant, the developer should covenant: • to ensure that the developer’s works are insured against usual...

Practice Note

In some cases, a developer and a tenant agree that the rent under the occupational lease will be a specified figure. However, in many other cases, the annual rent is...

Practice Note

Plans, specifications, etc In most cases, the tenant will apply its own bespoke fit-out to the developer’s finish condition in which the premises is delivered at...

Practice Note

This Practice Note: • discusses the development of the large scale private rented sector (PRS) • considers the Government’s incentive package for Build to Rent (BTR) in...

Practice Note

On every construction project which requires external funding, the lender will appoint its own team of lawyers to draft and/or negotiate the various documents. Part of...

Practice Note

What is the Code? The Consumer Code for Homebuilders (the Code) came into effect in April 2010. It is an industry-led code of conduct for home builders and was developed...

Practice Note

Procurement structure As shown in the Development procurement structure—chart the relationship between the third parties with an interest in a construction project will...

Practice Note

The facility agreement is the principal document in the suite of documents which is needed for the provision of finance for a development or construction project. It sets...

Practice Note