CPI Update - Issue 63 - December 2008

The December 2008 issue of the CPI Update contains:

Case law commentary on:

• The implications of a tenant’s administration - Innovate Logistics Ltd v Sunberry Properties Ltd;
• Midill (97PL) Ltd v Park Lane Estates Ltd - section 49(2) LPA 1925 and the return of deposits;
• Chantry Estates (South East) Ltd v Anderson - extending an option period;
• Alchemy Estates Ltd v Astor - acquisitions conditional on licence to assign;
• Grosvenor Estates Ltd v Prospect Estates Ltd - leasehold enfranchisement: what is a house?
• Osibanjo v Seahive Investments Ltd - forfeiture and waiver;
• Brimex Ltd v Begum - the implications of an unlawful subletting;
• Brightlingsea Haven Ltd v Morris - constructive trusts and section 2 LP(MP)A 1989.

Legislative developments in relation to:
The VAT rate change announced in the pre-Budget report;
Property taxes – changes to empty rates relief;
Land Registry – new first registration triggers;
Planning – Planning and Energy Act 2008.

Practical comment on:
The new Land Registry ID procedures – further practical ID questions;
Land Registry procedures on sales by mortgagees;

and a consideration of whether a landlord can require a guarantor to guarantee an AGA, and what implications arise as SDLT meets its fifth anniversary.

Published 1st December 2008.