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United Kingdom

Property law weekly update for England, Wales and Scotland—specific performance, dilapidations and penalties; HMLR practice; insolvency; Scottish levy and Housing Bill; bill trackers and precedent updates (25 April 2024)

Published on: 25 April 2024

Published by a LexisNexis Property expert
Legal News
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Article summary

In this issue:

  • Transferring property
  • Property management
  • Residential property
  • Property insolvency
  • Property in Scotland
  • Additional property updates this week
  • Daily and weekly news alerts
  • New and updated content
  • Trackers
  • New Q&As

Transferring property

No summary judgment where specific performance claim not fanciful

Valbonne Estates Ltd v United Homes Ltd [2024] EWHC 876 (Ch) related to the disposal of a leasehold interest. The agreement was subject, among other things, to the landlord’s written consent. Because that consent proved difficult to obtain, completion did not occur, and a dispute followed over whether the contract had been rescinded. It was accepted that, as at 4 November 2020, the landlord had not granted consent. At the core of the application were the consequences of the missing consent for the parties’ equitable rights in the property, and the contested level of uncertainty as to whether such consent would ultimately be forthcoming. The purchaser issued proceedings seeking a declaration that a third party held the property on trust for it, together with an order to unwind the seller’s purported sale of the property to that third party. The court confirmed that...

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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 ...

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