Rent arrears after moving out in UK? We believe communication is of the utmost importance. We will therefore keep you updated as things develop and our solicitors will provide practical, straightforward legal advice so that you can be confident everything is progressing as you would like. There are certain requirements that must be satisfied when preparing a Deed of Variation to your Will. The instrument of variation must be in writing. There is no formal requirement for a deed, unless one is required for another reason (for example if land is involved). However, it is good practice to execute a deed as this will ensure that the variation is enforceable. The variation must be made by the individual who benefits, or who would benefit, under the Will or intestacy and who is giving up that benefit. The beneficiary who is redirecting his/her entitlement must sign the deed of variation. The beneficiary must be “sui juris” i.e. must be of full age and capacity.
When to put in place a Shareholders’ Agreement? We would recommend that you enter into a shareholders’ agreement when you set up your company and issue the first shares. You will also be putting in place the company’s constitution at that time (the articles). It is a good time to have a discussion about how the business should be run and what the expectations of the shareholders are with relation to the investment they are putting into the business. If it is straightforward to put together a shareholders’ agreement that should bode well for the future. If you can’t agree on what to include that should set alarm bells ringing! If you leave it until the business is more established, it could be even trickier to reach agreement.
What is an eligibility check? If you wish to transfer the ownership of a house with a mortgage to a new owner, then your lender will first need to perform an eligibility check. This enables the lender to assess whether the proposed new owner(s) of the property will be able to continue with the same mortgage. This will include whether the new owners or joint owners: Can pass a credit check, Have sufficient income to be eligible for the existing mortgage, Meet the appropriate age requirements, Have residency in the UK. What happens if the new owner fails the eligibility check? If you do not meet the requirements set out by the mortgage company, then an alternative will be to either find some way to remortgage the property or pay off the existing mortgage in order to transfer ownership.
Why are we better for you? We stand out from the crowd because we care about every case we take on, and doggedly fight to get the result that is fair and right. This is reflected in our ethos of passion and tenacity, which we follow at all times. We understand clients want a law firm to fight their corner every step of the way. We are: Passionate about each and every case, Willing to pursue what we think is right, Highly experienced in getting the right results for our clients, Highly academic – both in our background and our approach, Proud of the work we do. Read even more info at terminating a commercial lease.
General litigation disputes can come in many forms. The team at Blackstone is able to help in any such instance, drawing upon our wealth of experience in these areas to provide the guidance you require. Litigation disputes can include: Professional negligence, Debt recovery, Partnership disputes, Contract claims, Contentious probate claims, Nuisance claims. However, it is important to note that any situation where you are in dispute with another party can give rise to litigation. This is why seeking legal help to ensure you approach disputes in the correct way is so essential – you need to give yourself the best chance of sorting out the matter as quickly and effectively as possible.
A break clause is written into the commercial lease from the outset and allows a Tenant (and even a Landlord) to end a lease early by serving a notice on the other party. The lease will set out certain requirements that must be followed to ensure the break is valid, for example, the Tenant may be required to give the Landlord notice that they wish to enact the break clause, and all outstanding monies due must be paid. On the other hand, a Tenant may find that the preconditions set by the Landlord mean that the break clause is, in reality, incapable of being exercised. If both parties opt out of the legislation as part of the lease, there is no automatic right to security of tenure. Under these circumstances, a Tenant can vacate the property without providing notice by informing the other by writing. If a Tenant refuses to vacate the property, the Landlord will usually need to undertake possession proceedings. Find additional information on here.