The following Property Q&A provides comprehensive and up to date legal information covering:
It is assumed that there is a headlease which has been forfeited, and that any sub-leases under this lease have also come to an end. The Electronics Communications Code (the Code) referred to is the Electronic Communications Code produced by the Law Commission in 2013.
As the Q&A notes, the operator’s lease was terminated by forfeiture and thereafter it is assumed that the freeholder requires removal of equipment which required a paragraph 21 notice to be served.
Paragraph 21 of the Code states that if there is no agreement in existence or it is shortly to come to an end, the freeholder requires an order allowing it to remove the telecommunications apparatus on the roof of the freeholder’s property.
Paragraph 5 deals with Payment for Rights under the General Regime under the Code. An operator may exercise
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This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing ratio•leverage ratio (or debt to equity ratio)•current ratio (or acid test ratio)•cashflow ratio•interest cover ratio, and•loan to value ratioIt explains:
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BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies,
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