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Property

Property

Private landlords – are your properties energy efficient?

Private landlords will be familiar with the need for an energy performance certificate “EPC” for their lets.  Now they need to be ready for new rules affecting the sector as part of a drive for further energy efficiency.

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Big players are testing the law and pushing boundaries

We all know it has been a challenging time in the retail market, but from the view of a property disputes lawyer it is interesting to see recent developments reported in the news from some of the biggest names in the industry.

John Lewis – irritating landlords?

It recently emerged that John Lewis were taking the somewhat unusual (or drastic!) step to refuse to pay 20% of the latest quarter’s service charge on some of their properties.

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CVAs and the curse of the vacant unit

A year on from our last look, and the rate of CVAs (Company Voluntary Arrangements) shows no signs of abating. If anything, the rate of store closures has increased over the last year.

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Glasgow continues to shoot up the list of UK hotel hotspots

It is no secret that hotels are red-hot right now. In turbulent market conditions investors in search of a safe haven are flocking to the relatively secure, long-dated cashflows offered by certain sectors of the hospitality market - especially those assets with inflationary-linked income streams.

Glasgow is at the forefront of the trend, as highlighted by PwC’s most recent UK Hotels Forecast identifying the city as the UK’s leader for hotel room cost growth over the past 12 months.

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Q: What's going down on the high street? A: Rent!

Rarely a week goes by without some news headline or article about the decline of the High Street: lower retail sales, pressure on retail and leisure operators, shop closures etc. This results in the supply of retail and leisure space on the High Street exceeding the demand for that space. Basic economic theory then applies, with the result being that the ‘price’, in this case rent, reduces until it reaches the point that supply and demand meet i.e.

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What is retail talking about?!

It is conference season for retail once again. Revo, Completely Retail and MAPIC, amongst others, fall in quick succession across September, October and November. Each is a chance for the industry to confer, exchange ideas, reflect and, crucially, do deals – all before all focus shifts to ‘Golden Quarter’ Christmas trading.

At Revo in Liverpool I found positivity and scepticism in equal measure as retail continues in a holding pattern - waiting patiently for the economic mood music to change to something more conducive.

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Notices in Commercial Leases – a welcome clarification for landlords and tenants

Over 100 years after an Act came in, we finally have some clarity.

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Dilapidations – coffee sweetener as a measure of loss

Coffee sweetener as a measure of loss? Honestly? Well…

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Can the Scottish Housebuilding market continue to weather the Brexit storm?

Just over six months ago I wrote that I was very much of the view the Scottish housing market was bucking negative Brexit predictions, and that the outlook – particularly for new build homes – was extremely positive. 

Now the summer is drawing to a close and the warmer weather has been replaced with the autumnal storm of the Brexit debate, what’s changed since then?

A lot has happened politically.

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Love Islands? Want to buy one?

Donald Trump has made headlines for proposing a rather ambitious “real estate deal” – buying the island territory of Greenland from Denmark. Danish Prime Minister Mette Frederiksen has refused his offer, but for anyone in the market for an island, let’s explore from a Scottish property law perspective how to purchase an island in Scotland.

It is not unheard of for private Scottish islands to be advertised for sale. Indeed, at present the “exclusive island estate” of Inchmarnock is available to purchase for offers over £1,4m.

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Burness admin