Uncategorized Insights

Government statistics suggest that in the year 2018 to 2019, 4,5 million leasehold properties existed across England alone, around 20% of the entire housing stock. With ownership of leasehold property comes the competition between the priorities of landlords and tenants:  landlords seek to dispense their obligations under the leases, drawing as their income service charge … Continued

You own a flat and pay your service charges. Your landlord, however, refuses to comply with your request for copies of the building’s insurance certificate. You are now unclear whether the building is insured at all, which leaves you in a precarious position as one of your most valuable assets could be at risk. Furthermore, … Continued

In a recent US Security and Exchange Commission filing, an increasingly high-profile car manufacturer announced it had bought $1.5 billion in a major digital currency – bitcoin – and that it would in due course accept the currency in payment for its vehicles. A US media outlet also recently reported that digital currency also has … Continued

The commercial lettings market remains in a state of flux. We summarise below some recent developments, relevant for both landlords and tenants, with a particular focus on recovery of rent, turnover leases and company voluntary arrangements (CVAs). Recovery of rent The landlord’s tools to recover rent have been very much blunted by recent legislation. Forfeiture … Continued

‘Government pledges to reform leasehold law to make the system easier and cheaper for leaseholders ‘ The Government’s announcement on 7 January 2021 outlined plans to reform the leasehold system.  It has been on the Government’s radar for quite some time and the recent announcement makes clear that they are beginning to act on recommendations … Continued

Deed of variation

What’s a deed of variation and what are they used for? A deed of variation, in simple terms, is a formal legal document which is drafted and intended to vary another formal document, generally also drafted as a deed. Under English law, historically, certain types of documents had to be drafted as deeds, complying with … Continued

New Senior Partner

Streathers LLP has appointed a new senior partner to its West End office. Sarah Hoad succeeds Bruce Streather in the role, and will serve in the role of senior partner for a three-year term commencing in June 2019. Sarah Hoad joined Streathers in 2011 and became a partner in 2013. She has a successful residential … Continued