Jurisdiction(s):
United Kingdom

Key definition

Common interest definition

What does Common interest mean? In property and neighbour law, common interest describes the shared concern of adjoining owners or occupiers in a common structure or facility (for example a party wall, floor, roof, mutual gable, boundary, accessway or other common parts), allowing each to influence or restrain its use or alteration even though none has sole ownership. It does not create a proprietary right, but typically gives standing to insist on reasonable use, preservation of support and shelter, participation in decisions, and proportionate cost‑sharing for maintenance or works. Usage is broadly consistent across the UK and Ireland as a descriptive expression rather than a...

Partnering with Finance: Business Planning, Budgeting, Cost Models, Management Information and Funding Covenant Support for In‑House Legal Teams

Published by a LexisNexis Practice Compliance expert

Practice notes

Key elements

Routine, scheduled exchange on matters of mutual interest and concern
- relationships with other parts of the wider organisation
- challenges currently confronting the organisation
- stakeholder oversight and stewardship
- Compliance risks
Clear alignment on the legal department’s Business plan
- securing buy-in (or understanding resistance) from Finance before the budgeting round
- gaining broad backing for resource allocations and consistent use by the business
- obtaining active support for legal awareness initiatives
Targeted legal assistance for Finance
- formalities and filings
- funding commitments
Practical financial training for the legal team
- accounting treatment of completed deals and exposures
- analysis to support robust decision making
- financial effects of project Acceleration or delay within the organisation

There are three strands to the relationship—your roles as manager, as a peer and as a service provider. See Practice Notes: Working well with other functions on regulatory compliance, Getting buy-in for coherent use of the legal team and Measuring and reporting performance of the legal team. The finance perspective from Robert Mowbray The need for a business plan All parts of a business should prepare a business plan. The business plan produced by the legal department will outline what the department will be doing over the next 3–5 years to...

To view the latest version of this document and thousands of others like it, sign-in with LexisNexis or register for a free trial.

Web page updated on 21/05/2026

Popular documents

Using the Judicial College Guidelines to assess general damages in personal injury claims

When evaluating a general damages claim, the practitioner ought initially to refer to the Judicial College Guidelines (JCG)...

Tomlin orders in England and Wales: CPR guidance on drafting, confidentiality, approval, variation, enforcement, limitation, CCA issues, court-specific requirements, sample wording and precedents

This Practice Note This Practice Note reviews mechanisms used in settling litigation. A Tomlin order consists of a consent order paired with a schedule. It operates to stay proceedings on terms that have been agreed. The provisions contained in the schedule may remain confidential. This Practice Note describes the scope of confidentiality attaching to the schedule and sets out how it differs from a standard consent order. Sample wording for a Tomlin order is included, alongside links to precedents, as well as guidance on court approval. It also addresses varying, setting aside and enforcing a Tomlin order, including the considerations the court will take into account when handling applications for each. Further guidance is provided on interpreting and applying the relevant provisions of the CPR; however, some courts and divisions impose very specific requirements for both drafting and approval, and for approaching the schedule and confidentiality issues. Accordingly, you must consider the particular rules and court guide provisions in the forum where your claim is proceeding when drawing up the Tomlin order...

Precedent: Deed of Surrender of Lease with Optional Premium, Settlement and Release, Landlord, Mortgagee and Guarantor Consents, Reimbursement and HM Land Registry Provisions (England and Wales)

Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

Precedent Statutory Declaration: Standard Wording under the Statutory Declarations Act 1835

I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...