by aziz | Dec 12, 2022 | Company Law
If you have decided to buy a franchise business, you will receive a copy of the business’s franchise agreement. Before we look at what might be included in a franchise agreement, let’s briefly recap what a franchised business is. A franchise is a type of business...
by aziz | Dec 7, 2022 | Commercial Lease
A lease is an interest in land and therefore Stamp Duty Land Tax (SDLT) is payable. For all leases of seven years or more (with a chargeable consideration over £40,000 or, rent over £1,000), SDLT must be paid, and it is the responsibility of the tenant to make...
by aziz | Nov 28, 2022 | Commercial Lease
If you, as the tenant, need to get out of a commercial lease, what are the options available to you? Expiration of the term Provided that the Landlord and Tenant Act (the Act) has been contracted out of when the lease was created, your lease will come to an end when...
by aziz | Nov 21, 2022 | Commercial Lease
A forfeiture clause provides a landlord with the right to re-enter the property if rent has not been paid a certain number of days after it is due. For commercial leases, the introduction of S.82(1) of the Coronavirus Act 2020 (‘CVA 2020’) meant landlords could not...
by aziz | Nov 7, 2022 | Company Law, New Business Setup
Firstly, what is a shareholders’ agreement? Much like the Articles of Association, a company’s shareholders’ agreement will set out and describe the way in which the company will be operated. However, unlike Articles of Association, it is a private, confidential...
Recent Comments