Search results for: commercial property
Flooding – Keeping your head above the water | Commercial Property
Have you checked the terms of your insurance and your lease recently to see if you are covered in the event of a flood? All too often these matters are not checked until the worst has happened and following the devastation of a flood the last thing anyone needs is to find they have inadequate…
Read MoreThe curse of email? Commercial Property law
Take care with electronic signatures….. A court judgement that documents signed electronically can have legal force means individuals and companies should take care. Pam Virdee, a Solicitor in the Commercial Property department at Thursfields’ Birmingham office, was commenting after a county court ruled that an automated electronic signature used in a transfer of land was…
Read More£1 billion to save the High Street | Commercial property law
The travails of the High Street seem a constant story in the news, the endless rise of online shopping, rates increases, Brexit etc. have led to nearly 3,000 shops shutting down in the first half of this year, at a rate of 16 per day. The West Midlands has been particularly badly affected seeing the…
Read MoreThursfields welcomes builders’ spending going public | Commercial property law
Transparency over the amount of money developers invest in local communities when building new homes has been welcomed by Thursfields Solicitors. The comments come as new Community Infrastructure Levy (CIL) rules mean the public can now find out exactly how money raised is spent on improving their areas. The CIL is already paid by developers…
Read MoreTop commercial property lawyer at Thursfields retires after near-40 year career
One of Thursfields Solicitors’ most experienced commercial property lawyers is retiring after nearly 40 years of practising in the West Midlands. Mike Brien, who was born in Solihull, studied law at Cardiff University before returning to the West Midlands to train as a solicitor, qualifying in 1983. His 38-year career saw him train and qualify…
Read MoreChecking whether ‘The Price Is Right’ Commercial property law
when buying or selling a business is the price right? ‘The Price Is Right’ might be a clichéd game show title, but it’s a fundamental point to check for anyone buying or selling a business. The advice comes as a flattening and challenged economy may trigger an increase in deals activity, with many potential buyers…
Read MoreContracting out case less than fragrant for commercial tenant | commercial property law
Commercial tenants should take care they are not giving up their right to renew at the end of the term of rental leases, Thursfields Solicitors has warned. The advice comes after a recent case where a court ruled that The Fragrance Store’s six leases had been validly subjected to “contracting out” procedures by its landlords.…
Read MoreCompany Voluntary Arrangements | Commercial property law
What does it mean for landlords? A growing trend for companies feeling the pinch is to adopt a Company Voluntary Arrangement (CVA). Currently favoured by struggling retailers, this tactic has come under fire as critics have claimed that the arrangements have resulted in, directly or indirectly, the closure of nearly a thousand shops since 2017.…
Read MoreBetting shops: No longer a safe bet, so what will replace them? | Commercial property
The high street staple of the betting shop could be facing the final furlong as the Government gets tough on fixed odds betting terminals. The terminals had been criticised as the “crack cocaine of gambling”. In April 2019, In a decisive effort to curb their impact, the Department of Culture introduced restrictions which saw machines…
Read MoreMaking the most of your Retail Space | Commercial property
High business rates, slowing consumer spending, online shopping etc. the difficulties facing retailers appear to be ever present and continually increasing with no silver bullet in sight. Despite the difficulties however there are some shining lights, both big and small with success stories to be found where retailers have adapted to the current market and…
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