Search results
1 – 10 of 416Abstract
Details
Keywords
Looks at changes to value added tax during the 12‐month period up to 1 March 1995 and investigates five specific categories within this framework, particularly with reference to…
Abstract
Looks at changes to value added tax during the 12‐month period up to 1 March 1995 and investigates five specific categories within this framework, particularly with reference to the Customs and Excise involvement.
Details
Keywords
Analyses facets of taxation which relate to leases and leasepremiums in particular. Considers tax relief, lease premium valueshifting, sale and lease‐back, reverse premiums and…
Abstract
Analyses facets of taxation which relate to leases and lease premiums in particular. Considers tax relief, lease premium value shifting, sale and lease‐back, reverse premiums and Capital Gains aspects from the property manager′s perspective. Concludes that there are both pleasant and unpleasant surprises in tax legislation which is technical and not widely known.
Details
Keywords
This paper is based on a talk given by Philip Ryley and John Virgo to the Association of Pension Lawyers at their annual conference in Bournemouth in November 1998. In it the…
Abstract
This paper is based on a talk given by Philip Ryley and John Virgo to the Association of Pension Lawyers at their annual conference in Bournemouth in November 1998. In it the authors provide an outline of some of the key legal issues that have arisen out of the pensions mis‐selling litigation.
Landlords seem to be receiving more applications for consent to assignment of commercial leases than ever before. It is no doubt a reflection of the present economic climate in…
Abstract
Landlords seem to be receiving more applications for consent to assignment of commercial leases than ever before. It is no doubt a reflection of the present economic climate in which many tenants find it increasingly difficult to pay ever escalating rents, and landlords are justifiably scrutinizing such applications more closely than ever before. The purpose of these notes is to review briefly the basic legal position and to discuss some of the more problematical points.
Howard Cooke and Simon Woodhead
The purpose of this paper is to look at the problem caused by the operation of break clauses contained in commercial leases – a predominantly UK phenomenon, a consequence of…
Abstract
Purpose
The purpose of this paper is to look at the problem caused by the operation of break clauses contained in commercial leases – a predominantly UK phenomenon, a consequence of longer lease terms.
Design/methodology/approach
The pitfalls that can befall a corporate occupier are numerous and the authors of this paper share some of their recent experiences to highlight issues that can arise and how a Corporate Real Estate Manager or advisor can avoid or minimise those risks.
Findings
For corporate occupiers, the operation of a break clause can be fraught with difficulty and its successful implementation requires a strategy to be put in place well in advance of the break date.
Originality/value
The paper shows how turmoil in the wider financial market could make the flexibility that breaks offer very important to certain businesses.
Details
Keywords
Stan Apps and Tova Cooper
This paper argues that Charles Reznikoff’s autobiography, Family Chronicle: An Odyssey from Russia to America, presents Jewish law as an ethical alternative to U.S. law. The…
Abstract
This paper argues that Charles Reznikoff’s autobiography, Family Chronicle: An Odyssey from Russia to America, presents Jewish law as an ethical alternative to U.S. law. The autobiography illustrates how Jewish law refuses to let social and economic hierarchies compromise its emphasis on truth-finding and the speedy resolution of legal troubles. Family Chronicle tragically portrays the Reznikoff family’s inability to exert equal bargaining power with its landlords, something commercial lease law assumes they can do. Reznikoff’s autobiography suggests that the United States can better realize its democratic principles by revising commercial lease law to reflect the tenant-centered approach of residential lease law.
Details
Keywords
Nick French and Laura Salisbury Jones
The current world economic climate is uncertain. The credit crunch has led to occupiers rethinking their strategic requirements, and, at the same time, they are fire fighting to…
Abstract
Purpose
The current world economic climate is uncertain. The credit crunch has led to occupiers rethinking their strategic requirements, and, at the same time, they are fire fighting to keep their occupation costs at a level that will allow the companies to survive. This briefing note aims to look at the activity between landlords and tenants in the market to determine, indicatively, the changes that are happening due to the downturn.
Design/methodology/approach
The paper uses an indicative survey and market commentary.
Findings
In this market, more than any other, tenants are approaching landlords with the idea of renegotiating their rental liabilities. Landlords are considering each proposal on its merits and solutions are ranging from side agreements to not demand full payment, to surrender and renewals to provide a more even cash flow or outright surrenders with a reverse premium being paid.
Practical implications
This paper looks at the UK market and the nature of agreements being made with a background of such uncertainty. The booming investment market of the last few years has shielded the profession from the need to consider fully the role of proactive management. This paper argues that good relationship management and a foresight to negotiate to protect future cash flows means that, now more than ever, management surveyors can enhance and protect capital values.
Originality/value
This paper provides an insight into the confluence of requirements between landlords and tenants in a market driven by a lack of capital and access to borrowings on both sides.
Details
Keywords
Index by subjects, compiled by K.G.B. Bakewell covering the following journals: Facilities Volumes 8‐17; Journal of Property Investment & Finance Volumes 8‐17; Property Management…
Abstract
Index by subjects, compiled by K.G.B. Bakewell covering the following journals: Facilities Volumes 8‐17; Journal of Property Investment & Finance Volumes 8‐17; Property Management Volumes 8‐17; Structural Survey Volumes 8‐17.
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18;…
Abstract
Compiled by K.G.B. Bakewell covering the following journals published by MCB University Press: Facilities Volumes 8‐18; Journal of Property Investment & Finance Volumes 8‐18; Property Management Volumes 8‐18; Structural Survey Volumes 8‐18.