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Commercial awareness from legal advisers
Reflecting on a recent conversation with a Newmanor Law client, when we posed them the question, what does good service look like to you, we were surprised by their answer. Firstly, although they had worked with different law firms for decades, we were the first firm to ask them this question. Secondly, after explaining that…
Read MoreThe dominoes slowly fall as we head towards a distressed UK Real Estate market
The UK’s commercial property sector is currently facing a variety of challenges – increasing interest rates, stubborn inflation, falling property values, and liquidity issues for lenders and borrowers. All these elements have been lining-up for some time like a series of interconnected dominoes. As each one falls, it knocks into the other and so on…
Read More10 points for real estate developers to consider when acquiring a site
In this 10 point checklist, Newmanor summarise the key issues you as a residential or commercial developers should consider when acquiring a site. 1. Any unilateral notices? Unilateral notices protect a third party’s interest in a site, such as an existing contract for the sale of part of the site or an overage Solutions Obtain…
Read MoreLandlords must be careful with rights to break
If landlords ever need a reminder that a decision to exercise a break right in a lease should be backed up by well presented, thought through evidence then the recent County Court case BMW (UK) Ltd v K Group is essential reading. The key term that the Court was asked to decide which is of…
Read MorePredicted trends across the commercial property sector in Q4 and beyond
At the outset of 2023, we were faced with the challenge of a moderate recession, accompanied by high inflation and rising interest rates, which were hindering the UK’s growth. Despite avoiding a full-blown recession, the economy is still grappling with the burdens of high inflation and interest rates, and the real estate sector has been…
Read MoreUnderstanding the new building safety rules (April 2023)
If there was any doubt surrounding the UK’s building safety regulations, then 2017’s Grenfell Tower tragedy served as a stark reminder to everyone. In the aftermath the government conducted a full review into the cause of the tragedy and the validity of the building and fire safety regulations surrounding it. In 2018, a report entitled…
Read MoreWhat does climate change mean for UK property owners and lenders
The science underpinning climate change has been well known for decades, but it is only in more recent times that its practical, physical impact on land and buildings has been experienced. In the UK, we are already experiencing wetter winters (resulting in more flooding) and drier summers (resulting in more ground instability and subsidence). In…
Read MoreSite Acquisition: What to consider
Any developer looking to acquire a specific site upon which to develop properties should take expert legal advice from the earliest possible moment to ensure the transaction runs as smoothly as possible. Matters that will need immediate attention are any planning permissions required or currently in place, environmental investigations, and the commercial aspects of the…
Read MoreRetrospective Planning Permission
On the face of it ‘retrospective planning permission’ sounds like a fairly esoteric legal issue, most likely pertaining to matters like guttering which protrudes past the roof edging by too many inches, or the wrong shade of slate used to patch a roof. The fact of the matter is, however, that applying for planning permission…
Read MoreUsing Development Agreements to Unlock Opportunities
On one level, every property development, at least in the earliest stages, is an example of a potential opportunity which may or may not be realised dependent upon the actions of the owner and any development agency they might employ. The more possible variables that can be set in stone at the outset, in the…
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