Nobody downloaded yet

UK law property management practice - Essay Example

Comments (0) Cite this document
UK Law Property Management Practice Table of Contents Question 1: Extent of traditional institutional lease being the optimal lease type for different kinds/types of commercial property leasing. Consideration of alternative market leases, general and specific situational advantages and disadvantages analysis of such alternative forms of leases in the market 3 Question 2: BigBucks Plc Case- Other things to consider and check…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
UK law property management practice
Read TextPreview

Extract of sample "UK law property management practice"

Download file to see previous pages Consideration of alternative market leases, general and specific situational advantages and disadvantages analysis of such alternative forms of leases in the market A lease in UK law pertains to the granting of exclusivity in land possession for a term that is well-defined and for a term that is shorter than that for which the grantor of the lease has himself or herself has legal land possession. As the definition implies, there are three aspects to the lease. The first has to do with the exclusivity of the possession. The second has to do with the fixed nature of the lease in terms of time. The third is that the term of the lease has to be shorter than the lawful time to which the grantor of the lease has possession of the land (In Brief 2013). Taking a step back, the Crown in theory has ownership of all land in the UK, and that other persons usually hold either a lease on the land, or else has a freehold relationship with the land, which is the strongest form of land ownership under UK law, outside of the Crown’s absolute ownership of all land (In Brief 2013b). ...
he leaseholder in this sense becomes a tenant too in the definition of the law, meaning that within the terms of a legally binding lease agreement, the tenant is the recognized land owner under the law. In this sense, as owner of the land, he is able to legally make use of the land as other owners of the land do, with the caveat that those uses for which the land is made use of by the owner is within the confines of the requirements set forth by statutes. On the other hand, rights extend only so far as the owner of the lease has the right to occupy the land absolutely, until the leaseholder does not fulfill the contractual obligations, such as in instances when the leaseholder fails to make good on rent payments. Outside of this, the grantor of the lease is unable to end the lease before the date of expiration or the end of the period of tenancy, except with the serving of a notice strictly ruled by fixed and specified conditions. On the other hand, the institutional lease is said to be the cornerstone of commercial property law and the market for such leases in the UK. This is characterized by long terms, usually a quarter of a century, and is, as specified above, FRI type leases, meaning that they are full repairing as well as full insuring. Due to the integrity and predictability of such leases, with the rent reviews being done predictably too, every five years for the lease duration, these have become investible from the point of view of institutions such as pension firms as discussed above. Here the returns are predictable and guaranteed to a certain extent, as long as the tenants make good on their rent payments and their other related contractual obligations to the land and property (Mleyshon n.d.). That the institutional lease has become the foundation of ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“UK law property management practice Essay Example | Topics and Well Written Essays - 3250 words”, n.d.)
Retrieved from
(UK Law Property Management Practice Essay Example | Topics and Well Written Essays - 3250 Words)
“UK Law Property Management Practice Essay Example | Topics and Well Written Essays - 3250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF UK law property management practice

Law in Practice UK

.... These are the petty actions of two squabbling neighbours or a more deep-rooted industrial dispute between manual workers and white-collar management. The law relating to obstruction of the highway is contained in the Highways Act 1980. Section 137 makes it an offence for any person who without lawful authority or reasonable excuse to wilfully obstruct the free passage of the highway. The highway includes the road, the pavement, grass verges and private property used as a public thoroughfare (i.e. a private unadopted road freely used by the public). ‘Obstruction’ includes anything that prevents passing and re-passing along the highway, and it is also not necessary for...
12 Pages(3000 words)Essay

Property Management, Law & Practice: Scenario Report

...? Property Management, Law and Practice Property management entails maintaining assets in proper condition to enable businesses to run smoothly in a secure and safe environment (Ho 2005, p.46). Leasehold ownership of property refers to long-term occupancy of the property with an absolute to enjoyment of the property in accordance to the agreement between the actual owner and the occupant. While at the initial stages the conditions for occupancy are invariable, these conditions fluctuate over time hence providing the parties to adjust the same in accordance to the prevailing market...
14 Pages(3500 words)Essay

Property Management and Law

...?MEGADOSH MANAGEMENT 245 Mayfair Street Mayfair London W1 Re: Units 3, 4 & 5 Enfield Industrial Park; Unit 22 Desolation Row Shopping Centre; 147 Streatham High Street, and; 57 Chapel Road A. Units, 3, 4 and 5 Enfield Industrial Park PROBLEM Reg Smalls, Director of Brimsdown Springs, has written on February 1, 2011 in effect requesting for a new tenancy for the same length of time as the first contract of lease, but with terms and conditions more favourable to the tenant. BACKGROUND Brimsdown Springs is the tenant of Units 3, 4 and 5 of Enfield Industrial Park, a commercial property managed by Megadosh Management and located in Jute Lane, Brimsdown, Enfield, under a tenancy contract for a period of 21 years. It operates a factory... made a...
10 Pages(2500 words)Essay

Property Law

...?Property Law Property Law A will is a legal document that allows someone to or dictate who will receive his estate and how much of the estate will go to any specified personi. The person that draws a will is by law referred to as the testator, and they may leave the management or ownership of the estate to more than one party. The purpose of drafting a will is to distribute a person’s wealth upon that person’s death. In common law, a will only referred to the document that disposes of real property while a testament was the term that was used in the disposition of personal property....
5 Pages(1250 words)Essay

Property law

...Property law The first case regarding the use of the jointly owned property between by Barney, Floyd, and Howard, pertaining to the issue of settlement by Ernest on a property, has its legal basis be drawn under the legal concept of Adverse possession, which provides for the alternative ownership of property by a disseisor (not the real property owner), without compensation (Martin, 77). Under this provision of the law, an individual who has possessed the property of another for a reasonable period of time can be rewarded with the ownership of such property, subject to the fulfillment of...
3 Pages(750 words)Case Study

Law practice management contribute 100 hours on service; therefore the three of us are equity law firm partners, who are entitled to the profits, losses and the capital of the firm (Wayne and Headrick 111). The three of us have practiced law for five years, therefore partnering will bring in customer networks, as well as draw in extra talent from each other, which will qualify the three of us to become equal partners. The law-practice profile of the three of us will influence the profile of the firm, which will increase its potential to make profits in the shortest time possible. The business acumen and the skill sets of the three of us will inform the...
10 Pages(2500 words)Essay

Property Law&Practice 2

...? Property Law and Practice The landlord and tenant act 1954 is one of the United Kingdom’s acts. The act extends to Wales and England (Baum, et al., 2011, p. 171). The act has several stipulations, which when followed will help ABC manage the premises effectively. The efficient management will have a positive impact on the returns on investment. It has quotations that govern several businesses, properties and tenants. Part II, of the act, contains the statutory code that governs business tenancies. The initial part, Part II of the act whose stipulations dealt with the protection of the residential tenancies, is in the modern days greatly...
10 Pages(2500 words)Coursework

Intellectual property law (UK)

...Descriptive Trademarks and UK Law The purpose of intellectual property law is the protection of the ownership of rights to intellectual property. This intellectual property covers essentially everything from scientific inventions to the names of characters in literature. A particularly interesting area covered by the law is that of trademarks, designed and used for the branding and advertising of a particular company, product or idea. Until very recently however, UK law did not allow descriptive trademarks. Here we will look at basic trade mark law as defined under the Trade Marks Act 1994, and come to a better understanding of why such descriptors were not permissible as trademarks, and why that decision has since been reversed... as the...
8 Pages(2000 words)Essay

Property Management and Law

.... During this situation the focus will be given on landlord/tenant law and most commonly evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance. Therefore, it is a necessity that a property manager be current with applicable municipal, county and state laws and practices. The Megadosh Management In the last few days Megadosh received four letters from their client stating several points regarding their request for maintenance, end of lease and extension of property. Megadosh need to reply on the four letters, to be able to do so we must need to analyze the problems and the covenant...
15 Pages(3750 words)Essay

Law Practice Management

...Law Practice Management Most legal scholars agree that the current status of the legal profession demands that attorneyscarve out a given niche, as opposed to general practice in order to remain relevant. The main reasons advanced for this is the need for lawyers to adapt to the competitive market for the legal services given increased internal competition among lawyers due to their increase in numbers, and also encroachment of areas that were exclusive to the legal profession by other professions. In essence, it requires that lawyers deal exclusively with those areas that they are best suited to offer their legal services. It entails targeting a specific market or...
11 Pages(2750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic UK law property management practice for FREE!

Contact Us