This topic includes a suite of Practice Notes and Precedents covering all aspects of the process of buying and selling land, including conditional contracts and contracts entered into by insolvency practitioners.
Commercial property is a staple for many property lawyers. Coronavirus has introduced changes for landlords and tenants – we’ve taken them and published a suite of precedent Pandemic lease clauses.
We have a broad range of Practice Notes and Precedents for this specialised and complex area. Structured logically – site acquisition, vacant possession, structuring a development project, overage, and rights of light.
Clear, concise practice notes have direct links to relevant cases, legislation, guidance and commentary. Our daily news feeds and weekly highlights keep you informed of new cases, and legislation.
This week's edition of Property weekly highlights includes: the Law Society’s practice note on using AI in legal practice, HM Land Registry’s next...
The Ministry of Housing, Communities and Local Government (MHCLG) has published its response to the Private Parking Code of Practice consultation. The...
The Ministry of Housing, Communities and Local Government (MHCLG) has published a factsheet on government amendments tabled to the Social Housing Bill...
The Ministry of Housing, Communities and Local Government (MHCLG) has announced that the government will extend the Freedom of Information Act 2000...
The Scottish Government has published an analysis of consultation responses on proposals to improve the accessibility, adaptability and usability of...
Insolvency of private not-for-profit registered providers of social housingThe social housing sector in England is commonly described as a ‘no...
This Practice Note looks at the winding-up of an insolvent partnership as an unregistered company under the Insolvency Partnerships Order 1994 (IPO...
This Practice Note considers insolvency in agricultural and farming businesses in England and Wales, including guidance on business structures,...
IntroductionThe Agricultural Credits Act 1928 (ACA 1928) created a bespoke form of security that allows a farmer to grant a single charge (described...
This Practice Note provides an overview of a typical real estate finance (REF) transaction from the term sheet stage through to signing the financing...
[HM Land Registry Prescribed Clauses][LR1. Date of the lease[date]LR2. Title Number[s]LR2.1 Landlord's title number[s][number] [and [number]]LR2.2...
date [date]Parties1[name of Landlord] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at]...
1Tenant’s option to purchase reversion1.1DefinitionsIn this clause 1, the following additional definitions apply:[Deposit•£[amount];][Independent...
date [date]Parties1[name of Seller] [of OR incorporated in England and Wales (company registration number [number]) whose registered office is at]...
The Investment Property Forum (IPF) developed this precedent as they found that it is very common for parties to a potential property transaction to...
Severance of a joint tenancySeverance is the process by which a joint tenancy is converted into a tenancy in common. It is a matter of evidence...
What is a certificate of title?A certificate of title (also known as a certificate on title) is a particular species of report on title.When...
Indemnity covenants in property transfersThis Practice Note looks at when an indemnity covenant should be given in a transfer of land. For general...
Resulting trustsResulting trusts represent one of the three types of trust which do not require to be declared or evidenced in writing. The others are...
Reversionary leasesReversionary leases (or future leases) are granted to take effect in possession at a future date. This Practice Note looks at:•when...
The Standard Conditions of Sale (5th edition: 2018 revision)—a guide to the main provisionsThe Standard Conditions of Sale (SCS), currently in their...
Carrying out bankruptcy searches at the Land Charges DepartmentIntroductionThis Practice Note looks at the circumstances in which a bankruptcy search...
Easements—LPA 1925, s 62 and permissionsSection 62 of the Law of Property Act 1925 (LPA 1925) (section 62) is, in essence, a word-saving device....
Occupiers and overriding interestsOverriding interests are interests which are binding on property even though they are not shown on the register....
Lease surrendersWhat is a lease surrender?A lease surrender is a mutual agreement between the landlord and the tenant to bring the lease to an end...
Profits à prendreIntroduction — what is a profit à prendre?A profit à prendre is the right to take natural resources from another person’s land....
Implied easements—common lawThere are three different ways by which an easement can be implied at common law:•necessity•intended use•the rule in...
Overreaching—sales by trustees of landBroadly, the doctrine of overreaching enables purchasers (which includes tenants and mortgagees) in good faith...
Pre-completion searchesThis Practice Note sets out the searches that should be carried out prior to completion (pre-completion searches), including...
Cautions against first registrationA caution against first registration (referred to as a ‘caution’ throughout this Practice Note) is a means of...
Land charges—registration and purposeLand charges are registered to protect the interests, in unregistered land, of a person who does not hold the...
Sub-sales and assignmentsA sub-sale is where A contracts to sell a property to B but, before completing the purchase from A, B then contracts to sell...
An exception in a deed is wording that withholds part of the grantor’s existing legal interest from the property being conveyed, so that the excepted right or land never passes to the transferee. In practice, it “carves out” something that already exists, such as a strip of land, a mineral interest or an established right of way.
In England and Wales, Northern Ireland and Ireland, the term is used in conveyancing and property drafting to distinguish an “exception” (retaining an existing right or parcel) from a “reservation” (creating a new right out of the land being granted), although some modern drafting treats the labels less strictly. The concept is largely shaped by case law and standard conveyancing practice rather than detailed statutory definition.
In Scotland, similar effects are usually achieved by excepting subjects from the conveyance in the dispositive clause, with Scots property law focussing on the description of the subjects disponed rather than on the terminology of “exception”.
Accurate use of exceptions in a deed is critical to define the extent of title, avoid unintended transfers, and ensure correct registration in the land registers across all four jurisdictions.
No person may confer a better title to land or goods than that person in fact has.
The days on which commercial rents are usually paid. Traditionally these are 25 December, 25 March, 24 June and 29 September (ie Christmas, Lady Day, Midsummer Day, Michaelmas), although some leases use the modern quarter days – 1 January, 1 April, 1 July, 1 October.