Joint venture agreement in UK? We believe communication is of the utmost importance. We will therefore keep you updated as things develop and our solicitors will provide practical, straightforward legal advice so that you can be confident everything is progressing as you would like. There are certain requirements that must be satisfied when preparing a Deed of Variation to your Will. The instrument of variation must be in writing. There is no formal requirement for a deed, unless one is required for another reason (for example if land is involved). However, it is good practice to execute a deed as this will ensure that the variation is enforceable. The variation must be made by the individual who benefits, or who would benefit, under the Will or intestacy and who is giving up that benefit. The beneficiary who is redirecting his/her entitlement must sign the deed of variation. The beneficiary must be “sui juris” i.e. must be of full age and capacity.
This is the nuclear option in shareholder disputes and involves an aggrieved shareholder asking the court to wind up the company and bring it to an end. Usually the shareholders’ differences have become irreconcilable. The company will be wound up and if there is anything left after the creditors and liquidator have been paid, it will be distributed between the shareholders. They will go their separate ways. Not every aggrieved shareholder will be able to justify a winding up petition to the court and there will have to be strong reasons for believing that the company can no longer continue. The shareholder must demonstrate that there will be a tangible benefit in making a winding up order. If there is some alternative remedy, which would allow the company to continue, the shareholder may find that the court refuses to make the order.
Are there any restrictions on transferring the ownership of a property with a mortgage? In addition to passing your lender’s eligibility checks, there are other factors that could prohibit you from transferring the ownership of the property with the existing mortgage. These include: If the property is buy-to-let and one of the ‘new owners’ intends to live in the property, If a person being removed from a mortgage will still be living in the property – at the very least they will need to waive any rights to occupation. Conditions vary from lender to lender and so it is important to get in touch with them as soon as possible in order to find out if there is anything that could affect your ability to transfer ownership.
A fast-growing law firm based in south Manchester, we are renowned for going the extra mile to get the right results for our clients. Specialising in commercial litigation and property law for both commercial and residential clients, we believe strong communication is essential. This is why our passion for the work we do is matched by our commitment to keeping our clients up to date every step of the way. Emma Nawaz of Blackstone Solicitors Limited has a wealth of legal experience specialising in the fields of commercial and property litigation. Emma represents local, national and international clients, many of whom have been clients since the beginning of her career. Emma is known as a tenacious and pragmatic lawyer. Discover more information at shareholder disputes.
What will I need to do during the rent recovery process? Blackstone Solicitors will perform the vast majority of work during the rent recovery process. We understand that chasing money can be exhausting and stressful, which is why we take appropriate steps to alleviate the burden. All we need from you are copies of: Property ownership documents, Details about the tenant, The tenancy contract, Evidence that you did not receive the money you are attempting to claim back, Evidence that the tenant left your property within the last six years.
If the lease grants security of tenure, the lease will continue after the expiry date if the Tenant remains in occupation of the property for business purposes. In this scenario the Landlord or Tenant must serve one of the following notices to terminate the lease: Section 25 notice – if the Landlord wishes to determine the lease and can satisfy one of the grounds in section 30 of the Landlord and Tenant Act 1954, serving a hostile section 25 notice will prevent the Tenant from taking a new lease. Examples of grounds under the Act include breaching repairing obligations, persistent delays in paying rent or the Landlord redeveloping the property. Section 26 notice – if the Tenant wants to terminate the lease, a section 26 notice can be served. Discover additional info on https://blackstonesolicitorsltd.co.uk/.