A developer of a block of flats has been ordered to return deposits to purchasers because the building was not completed on time.
However, it was not the delay itself that caused the problem, but the lack of due diligence in failing to get the work done as quickly as possible after problems arose.
In February 2008, [...]
The number of homes coming on to the rental market because their owners cannot sell them is increasing, according to the Association of Residential Letting Agents (ARLA).
A survey of ARLA members showed that 47% had seen a rise in “unplanned lettings” by homeowners who either couldn’t sell or wanted to wait until the market improved [...]
Court orders to evict tenants rose by 11% in 2011 as landlords took a firmer stance against late payers.
Figures released by the specialist receivers, Templeton LPA, also show that the number of tenants in “severe arrears” of more than two months rose by 18% last year to 78,970.
That’s the highest level since the third quarter [...]
The Office of Fair Trading (OFT) has warned that consumer landlords are still being presented with potentially unfair terms in contracts with some letting agents.
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The risks for commercial tenants who fail to correctly exercise the break clause in their lease have been highlighted in a decision made by the Court of Appeal.
In this case, the tenant failed to give vacant possession in accordance with the terms of the break clause in its lease. The tenant wanted to carry [...]