March 09 Property Developers Podcast
In this podcast we examine the 2009 decision of Alchemy Estates v Astor which concerns the dangers of Landlords indicating consent in principle to an assignment or subletting only to find they are bound by this indication.
We also look at Ozzie Banjo v Seahive Investments Limited another 2009 decision on the problems of waiver preventing a landlord from forfeiting a lease and the dangers of a tenant not being clear in relation to a part payment of arrears.
The case of Dennis v Davies is next up for scrutiny and this considers a restrictive covenant in a plot sale transfer against nuisance and annoyance which some developers might find surprising.
The Podcast also looks again at the Revenue and Customs Guidance note on the letting of unsold houses by developers in the light of some clarification issue by the Revenue.
Finally, we explore the recent development of Tenants asking to pay their rent by monthly instalments and asking for surrenders of their leases and we give detailed guidance for Landlords on how to deal with such requests without prejudicing their position.