“Marriage Value” and the 80-year cut off...
Posted in Conveyancing on 24th Aug 2021
What is 'Marriage Vale'
Marriage Value is the monetary increase in the value of a residential leasehold property following an extension of the lease. It makes sense that a lease extension will result in an increase in the value of the leaseholder’s interest. The more years left on the leasehold, the longer a leaseholder can inhabit the demised premises, the more valuable the leaseholder’s interest. It is also true that the value of the landlord’s own interest will fall, since the landlord will not enjoy use of the demised premises for longer.
However,...
Business Interruption Claims: Dry Cleaners
Posted in Dispute Resolution on 19th Apr 2021
The Covid-19 pandemic has affected all of us, including those deemed ‘essential businesses’.
Many UK businesses are currently enduring severe financial hardship due to the effects of lockdown.
This includes those businesses deemed essential, like dry cleaners and laundrettes, which were allowed to stay open during the lockdown periods.
A laundrette’s business model relies on hospitality events and formal clothing in offices. The hospitality industry is still on its knees, with weddings and events cancelled. Most offices closed entirely over lockdown,...
Conveyancing Mistakes: What Damages Can You...
Posted in Professional Negligence on 6th Apr 2021
A mistake in the conveyancing process can cause huge losses further down the line, but how is this compensation actually calculated?
When it comes to the assessment of damages, and assuming the courts finds a solicitor was negligent, the courts will strive to put you as the claimant in the position you would have been in had there been no negligence on the solicitor’s part.
In a case where you have purchased a property, and there is some defect that your solicitor has failed to point out to you, the court will approach the assessment of damages...
