From time to time in UK real estate finance transactions, a high-net-worth or ultra-high-net-worth sponsor will be called upon to provide a personal guarantee. A lender’s reasoning in requiring a personal guarantee is that it may have some value if the lender is not able to recover the amount it is owed from the real estate, which is the primary value that it relies on.
Continue Reading Personal Guarantees in UK Real Estate Finance Transactions – Considerations for Lenders
On 10 July, the UK Government introduced the English Devolution and Community Empowerment Bill, which unexpectedly includes a ban on upwards-only rent review clauses in new commercial leases in England and Wales. This GT Alert examines the Bill’s main points, its potential effects on landlords and investors, and what to expect as the legislation moves forward.
Continue Reading The Proposed Ban on Upwards-Only Rent Reviews in UK Commercial Leases
In March 2023, the Law Commission revealed its plan to review the Landlord and Tenant Act 1954 (“the 1954 Act”) as part of the Ministry
Continue Reading UK Commercial Lease Reforms: Law Commission Reviews Landlord and Tenant Act 1954
The County Court’s recent decision in Sainsbury’s Supermarkets v Medley Assets Limited has re-examined the redevelopment ground under the Landlord and Tenant Act 1954 (the
Continue Reading Landlord and Tenant Act 1954: Tenant Prevails in Opposed Lease Renewal Case on Ground F
The Levelling-up and Regeneration Act 2023 (LURA), which became law on 26 October 2023, makes various changes to local government and planning legislation with the
Continue Reading Q&A on UK High Street Rental Auctions