CPI Update - Issue 98 - February 2012

The February 2012 issue of the CPI Update contains:

Case law commentary on:

• Conditional break rights: unpaid default interest - Avocet Industrial Estates LLP v Merol Ltd;
• A sale and leaseback transaction analysing priority of interests - Cook v The Mortgage Business Plc;
• Excessive use of an easement - Maioriello v Ashdale Land and Property Company Ltd;
• Mortgage redemption and breach of trust - AIB Group (UK) Plc v Mark Redler & Co (A Firm);
• SDLT substantial performance - Lancer Scott Limited v HMRC;
• Easements suffering interference by Crossrail - CIP Property (AIPT) Ltd v Transport for London.

Legislative developments in relation to:
The Charities Act 2011 (in brief only).
Climate change – CRC: draft regulations for first allowance sales.
New national standards for debt enforcement officers.
Further consultation on the adoption of new drains and sewers.
Community Infrastructure Levy - outsourcing regulations.
Localism Act 2011 - Commencement Order No. 2.

Practical comment on:
Enforceability of management company covenants.
A reminder that this year is a Leap Year.
The need to avoid re-grants on relief from forfeiture.
SDLT – first time buyers’ relief.

Published 31st January 2012.