Mixed Use Properties - Protecting the Landlord’s Interests
Mixed commercial/residential properties are extremely popular with commercial landlords, investors and developers; whether modern purpose-built blocks, converted former dwellings or parades of shops with flats above.
But the statutory rights of the residential tenants (and in some cases commercial tenants) may have a strong, and often adverse, impact on an owner’s investment.
This new 5-hour course is aimed at those who advise commercial landlords.
It will provide a practical and concise guide to the rights tenants have in mixed-use buildings and the steps a commercial landlord can and should take to minimise the impact of these rights on its commercial rental stream, its ability to develop and the value of such buildings.
What You Will Learn
This course will cover the following:
- The 'freezing' effect on the landlord's ability to let or sell all or part of the building - caused by residential tenants' pre-emption rights: can you structure to avoid this? Michaels v Harley House
- Compulsory acquisition by the tenants of the building - or the right to manage it: what you need to know to protect investment value
- Shortfall on service charges: how to minimise this - drafting & practical recoverability
- Losing commercial lettings: the problems with the various Acts: Dartmouth v Berisworth
- Parades of shops & flats - can the Supreme Court in Sequent v Hautford help: the unintended consequences of the Leasehold Reform Act 1967
Please let us know if you wish to be notified.
Please let us know if you wish to be notified when new dates are added for this programme