The following Property Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:
It is ordinarily the case that where a tenant wishes to make alterations to demised premises, it is necessary to obtain the consent of the landlord. Regard should be had to the terms of the lease. The lease may contain an absolute covenant prohibiting alterations, in which case, the landlord would be required to agree to a variation of the lease; or a qualified covenant, which requires the consent of the landlord. In such circumstances, to carry out alterations without consent will be a breach of the lease and renders it vulnerable to forfeiture. Section 19(2) of the Landlord and Tenant Act 1927 implies into such qualified covenant in respect of the making of improvements without a licence or consent a requirement that the landlord must not unreasonably withhold consent. Consent is ordinarily provided by the parties entering into a deed of licence for the alterations, which will set out what work is being done and confirm that the necessary
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Dividends involve a distribution of cash or a distribution of non-cash assets (known as a distribution in kind or a distribution in specie).A scrip dividend (in a tax context, sometimes referred to as a stock dividend) allows a shareholder to receive new shares in a company as an alternative to a
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of insurance and the possible consequences of carrying on activities relating to a contract of insurance without the requisite regulatory permissionsThe
You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
This Practice Note considers claims for damages for breach of statutory duty. For guidance on claims for damages for a negligent breach of duty of care outside a statutory duty, see Practice Notes:•Negligence—when does a duty of care arise?•Negligence—when is the duty of care breached?Breach of
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