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Latest News
Do landlords need to be registered?
Becoming a landlord can be a natural step for many. However, if you haven’t done the proper research or you aren’t used to managing the new responsibilities, there might be certain legal requirements that get overlooked. This article provides clarity on whether or not...
Can you break a commercial lease early?
One of the key steps in commercial property conveyancing is to examine the commercial lease, including each of its clauses. If you are inheriting a commercial property with existing tenants, you will also be inheriting the lease agreement. This post aims to provide...
Can two people be landlords?
Investing in property to let can seem like an intimidating prospect for first time landlords. However, joint ownership is quickly being recognised as a way to lessen the burden of the initial purchase of a rental property. Couples might also want to sub-let a room in...
What is the problem with leaseholds?
To answer that you first need to know: What is the difference between freehold and leasehold? IF YOU OWN THE FREEHOLD, YOU OWN THE PROPERTY INDEFINITELY. IF YOU OWN THE LEASEHOLD THEN EVENTUALLY THE LANDLORD WILL GET THE PROPERTY BACK. The problems flow really...
What is Leasehold Property?
There are two ways to own property: Freehold and Leasehold. A Freehold is when you own the property indefinitely, with Leasehold property you have the right to the property for only the length of the Lease. The Lease is granted by the Freeholder so when the Lease...
So what exactly happens when you’re buying a property?
Your Toomey Legal step-by-step guide This is a very brief step by step guide of the purchasing process. There may be additional things come up which means that one or more of the stages are not applicable or they may be delayed due to individual circumstances. Toomey...