In November last year, the High Court examined in Finney v Welsh Ministers & Ors the test for how far a condition on a planning permission could be varied.
It has become mainstream for sellers to use overage, a mechanism whereby a future event undertaken (in respect of the land sold) by a buyer triggers an additional payment to a seller, as this helps to ensure best value on a sale of their property. With the use of overage becoming common place over the last few decades, it is no longer unusual to encounter land which is subject to existing overage provisions. These are our top tips when dealing with land subject to existing overage provisions.
One essential element of the due diligence undertaken on the acquisition of a development site is whether or not the land immediately abuts a roadway adopted as public highway.
Court of Appeal upholds High Court decision to rectify sale documents governing a sale of development land and order property developers to pay damages to major housebuilding company.
A number of retailers have issued Company Voluntary Arrangement (CVA) announcements this year. If a limited company is insolvent, it can use a CVA to pay creditors over a fixed period. If creditors agree, the limited company can continue trading during this time.
Thomsons Snell & Passmore are proud to announce that we have been awarded Commercial Property Team of the Year for 2017.