Real Estate / TAG Property (J)



Meet the Co-chairs - TAGLAW

Klose, Dr. Christoph
RWP Rechtsanwälte

Real Estate / TAG Property (J)

The transfer of ownership in registered freehold or leasehold land or the grant of a registerable lease does not take effect until registered at the Land Registry. This means that from the date of the transfer/lease until the date of registration such rights are said to exist in ‘equity’ only and the legal estate does not vest in the new owner/tenant until registration is complete.

Read more: The Registration Gap – A Warning

Author: Rachel Krol

We have recently been contacted by a client who wants to renew his lease of offices which is protected by the Landlord and Tenant Act 1954. The current lease was granted several years ago, is held by a company and when the lease was granted a personal guarantee was provided by one of the directors. The director does not want to provide a personal guarantee on the renewal. We were asked whether the landlord was entitled to insist upon the personal guarantee being provided on renewal.

Read more: Guarantees on Lease Renewal

Investment in real estate has been affected by the process of financial globalization and has experienced a markedly cyclical behavior. Two periods of expansion can be observed, one in the 1980s and, another one, in the period 1993 to 2003, when non-resident investment increased considerably.

Since 2003, the flow of foreign investment in real estate in our country has suffered a moderate slowdown, but remaining a leader in foreign investment in Spain, being the sector that attracts the most foreign money.

Read more: Settlement of Foreign Inheritances in Spain

Article 1: What is Local Law 97 and Who is Impacted

Local Law 97 On April 18, 2019, the New York City Council passed the Climate Mobilization Act (the “Act”). The mainstay of the Act is Local Law 97, which was designed to gradually reduce city-wide greenhouse-gas emissions in buildings over 25,000 gross square feet by as much as 40% by the year 2030 and 80% by 2050. Building owners take note: buildings which fail to comply with the Act’s emissions targets by 2024 (or which fail to report annual emissions) are subject to financial penalties. Roughly 50,000 buildings, comprising nearly 60% of the City’s building area, will be affected.

Read more: It’s Coming: The Climate Mobilization Act – What Building Owners Need to Know Now

Author: Matthew Curran

The Marshall Government has recently proposed a number of significant changes to the legislation which regulates the retail and commercial property sector in South Australia.

On 3 July 2019, the Honourable Vicki Chapman (Deputy Premier and Attorney General) introduced into Parliament and moved the second reading of the Retail and Commercial Leases (Miscellaneous Amendment Bill) 2019 (SA) (Bill). The Bill proposes a number of substantive amendments to the Retail and Commercial Leases Act 1995 (SA) (Retail Act).

Read more: Proposed Changes to South Australia’s Retail Lease Legislation