Property annual round-up: reviewing 2017 and previewing 2018 [Archived]
Property annual round-up: reviewing 2017 and previewing 2018 [Archived]

The following Property practice note provides comprehensive and up to date legal information covering:

  • Property annual round-up: reviewing 2017 and previewing 2018 [Archived]
  • Reviewing 2017
  • Transferring property/Contracts
  • What happened?
  • What are the practical implications?
  • Want to know more?
  • Property management/assignment and underletting
  • What happened?
  • What are the practical implications?
  • Want to know more?
  • More...

This year’s annual round-up reviews some of the most significant developments of 2017 and previews what is on the horizon for 2018. This includes publication of the Third Edition of the Standard Commercial Property Conditions, settlement of the EMI appeal relating to the ability of tenants to assign to guarantors, the Vivienne Westwood case regarding penalties in side letters, the Newbigin case on business rates, the new minimum energy efficiency requirements, the forthcoming 4th Edition of the RICS code of practice for commercial service charges and developments in the residential sector. Also included are updates on LexisNexis®’s content, including news of exciting developments from the past year and what is coming up in the next 12 months.

Reviewing 2017

Transferring property/Contracts

What happened?

The Third Edition of the Standard Commercial Property Conditions (the 3rd Edition) was published on 27 April 2017.

What are the practical implications?

The new conditions are an update to the Standard Commercial Property Conditions (Second Edition) (the 2nd Edition), which came into force in June 2004. They are intended to reflect the changes in law and practice in commercial property transactions that have occurred in the intervening period. Many of the conditions set out in the 2nd Edition are replicated (but renumbered in many cases) in the 3rd Edition. It is likely that many contracts will continue to incorporate the 2nd Edition, with the usual substantial

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