An ordinance that the San Francisco Board of Supervisors passed on Jan. 25 will require landlords to give residential tenants a 10-day notice and an opportunity to cure before commencing eviction proceedings for just cause. This extends the three-day notice
Real Estate Legal Update
Insight and commentary on investment property, corporate real estate issues and property development
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UK Government extends moratorium on commercial evictions to March 2022
In a move which has shocked the property industry, the government has extended the ban on commercial lease forfeiture again, this time for a further nine months to 25 March 2022. Commercial Rent Arrears Recovery is similarly deferred, with tenants…
Regis CVA revoked on a technicality – Good news for landlords?
Hair salon chain Regis’s company voluntary arrangement (CVA) was revoked on 17 May in a hearing that considered several arguments put forward by a number of landlords. The judge found that one of the creditors had been incorrectly categorised by…
Ending Some State- and City-Level Opportunity Zone Tax Benefits in New York
The federal opportunity zone program (26 U.S.C. Sec. 1400Z et seq., the “OZ Program”) provides tax benefits to encourage private investment in economically distressed areas. More than 8,700 census tracts, located in every state, Washington, D.C., and five U.S. territories,…
Die COVID-19 Gesetzgebung in Deutschland
Mietverträge werden dadurch bestimmt, dass der Vermieter dem Mieter den Mietgegenstand überlässt und der Mieter dafür Miete zahlt. Ist der Mieter mit der Zahlung der Miete im Rückstand in Höhe eines Betrages, der mindestens 2 Monatsmieten entspricht, ist der Vermieter…
COVID-19 Legislation in Germany
Tenancy agreements are determined by the landlord handing over the rented property to the tenant – and the tenant paying rent for it. If the tenant is in arrears with the equivalent to at least 2 months’ rent, the landlord…
Planning and construction in a post-COVID world: The Business and Planning Bill
As pressure continues to mount on the Government to ensure the survival of the British construction industry, the Housing Secretary has announced new measures to boost building activity in the UK and to make it easier to comply with new…
UK Real Estate and COVID 19: A new code for commercial landlords and tenants, and extended measures on forfeiture and CRAR
The government has today published a code of practice for commercial property relationships, seeking to codify what should be existing good practice between commercial landlords and their tenants during these extremely difficult times for businesses on both sides. It…
The temporary changes to permitted development rights: key takeaways
In a remarkably swift response to the current crisis, the government brought in an amendment to the permitted development regulations a day after lockdown was imposed, allowing pubs and restaurants (A4 and A3 uses) to be used for the sale…
Breaking up: current issues surrounding lease break clauses
Will landlords be able to keep tenants on the hook and will leases continue even when tenants try to exercise a break right? In the current state of COVID-19 lockdown it could be more difficult for tenants to effectively break…