The following Private Client Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
Where there are joint owners of a property, the legal owner (or owners) hold the beneficial interest in that property on trust for the beneficial owners. The beneficial owners can either hold as joint tenants (in which case, they each own the indivisible whole) or as tenants in common, meaning that they hold defined shares and can, for example, leave their shares by Will to whomsoever they may choose. Additionally, a tenant in common can dispose of their share to a third party, either by sale, gift, assignment or by settling the interest into a trust. Much will depend upon what A is seeking to achieve in disposing of their share and an inter vivos trust may not necessarily be the most efficient manner of disposing of
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This Practice Note considers the different categories of contractual damages that may be available for financial loss (pecuniary loss), ie expectation-based damages, reliance-based damages and gains-based damages.For guidance on contractual damages generally, see Practice Note: Contractual
The Public Private Partnership (PPP) models are a popular way for governments to involve private investment, expertise and risk in procuring infrastructure, with the potential to deliver a project more efficiently and economically. One of the most popular PPP models for procuring infrastructure
Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
This Practice Note provides guidance on claims for ‘use and occupation’ or mesne profits, and how and when double rent or double value can be claimed.Claims for use and occupationA claim for use and occupation is possible where there is occupation of land without an express agreement fixing the
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