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.
For example, if the company were to enter into a contract with another company which was owned by one of the Directors and this would be much less favourable than a similar contract with another, unconnected, business, then the company will suffer as its profits will be reduced. The director in question would make a personal profit at the expense of the company. These claims are rare because although the shareholder can issue the court proceedings to get things going, the court must give permission for the claim to continue to trial. Permission is not easy to obtain. The shareholder will get no direct benefit by going to court but the company will be protected and that helps the shareholder in the long run, as it protects the shareholder’s interest in the company.
What is an eligibility check? If you wish to transfer the ownership of a house with a mortgage to a new owner, then your lender will first need to perform an eligibility check. This enables the lender to assess whether the proposed new owner(s) of the property will be able to continue with the same mortgage. This will include whether the new owners or joint owners: Can pass a credit check, Have sufficient income to be eligible for the existing mortgage, Meet the appropriate age requirements, Have residency in the UK. What happens if the new owner fails the eligibility check? If you do not meet the requirements set out by the mortgage company, then an alternative will be to either find some way to remortgage the property or pay off the existing mortgage in order to transfer ownership.
Why are we better for you? We stand out from the crowd because we care about every case we take on, and doggedly fight to get the result that is fair and right. This is reflected in our ethos of passion and tenacity, which we follow at all times. We understand clients want a law firm to fight their corner every step of the way. We are: Passionate about each and every case, Willing to pursue what we think is right, Highly experienced in getting the right results for our clients, Highly academic – both in our background and our approach, Proud of the work we do. Discover additional details at Blackstone Solicitors.
Rent arrears recovery doesn’t have to be complicated, especially when you have debt recovery solicitors to help. We have won cases both inside and outside of court for landlords – even where it repossessing a property to recover the rent owed. In many instances, a tenant can simply change their contact details, hoping the landlord gives up chasing payments. Collecting unpaid rent therefore often involves discovering where the former tenant is now situated. Our solicitors are adept at locating and communicating with ex tenants who owe rent.
A break clause is written into the commercial lease from the outset and allows a Tenant (and even a Landlord) to end a lease early by serving a notice on the other party. The lease will set out certain requirements that must be followed to ensure the break is valid, for example, the Tenant may be required to give the Landlord notice that they wish to enact the break clause, and all outstanding monies due must be paid. On the other hand, a Tenant may find that the preconditions set by the Landlord mean that the break clause is, in reality, incapable of being exercised. If both parties opt out of the legislation as part of the lease, there is no automatic right to security of tenure. Under these circumstances, a Tenant can vacate the property without providing notice by informing the other by writing. If a Tenant refuses to vacate the property, the Landlord will usually need to undertake possession proceedings. Discover extra information on https://blackstonesolicitorsltd.co.uk/.
