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Private Residential Tenancies Have Replaced Assured & Short Assured Tenancies

The 1 st December 2017 saw a shift from Assured and Short Assured tenancies to Private Residential Tenancies (PRTs), a new style providing benefits and securities for both landlords and tenants. As a landlord, there are various significant changes under the new tenancy you must be aware of: Term of Tenancy There are no fixed-terms. PRTs have no end date which means landlords cannot ask tenants to vacate a property simply because a certain time period has expired. Secondly, there is no minimum period of rental, meaning tenants can leave whenever they please, so long as they provide the landlord...
  78 Hits
78 Hits

No Longer Welcome- Securities and the Sasine Register

For the past few years, there has been a legislative push to move all title to land in Scotland onto a single, map based Land Register of Scotland. The target date for completion of this task is 2024- a very ambitious timescale given that currently less than 30% by area and less than 60% by number of titles are registered in the Land Register. Up until recently, it was generally only a requirement to register a title in the Land Register when it was being transferred or sold for value. If the transaction did not involve such a transfer, then...
  772 Hits
772 Hits

Long Lease Conversion- the Appointed Day has Arrived

Long Lease Conversion- the Appointed Day has Arrived

You may recall our blog from October 2012 heralding the passing of the Long Leases (Scotland) Act 2012 (“the 2012 Act”).

The 2012 Act was one piece of the Scottish Government’s plan to modernise property law in Scotland and, put briefly, would automatically convert any ultra long leases into outright ownership on the Appointed Day. 

  718 Hits
718 Hits

Historic Protections for Modern Tenants

MBM Commercial Property
Historic Protections for Modern Tenants Posted on Nov 25, 2015 by Helen McGrath  | 0 Comments   There is little legislation governing the law of commercial leasing in Scotland, unlike south of the Border, so when a case arises which reminds us of a little-known statute which does, it’s looked at with interest.   Over the past few years, there have been a number of cases on the application of the Tenancy of Shops (Scotland) Act 1949 ( “the 1949 Act ”) to modern leases, the most recent of which being Select Service Partner Limited v Network Rail Infrastructure Ltd...
  750 Hits
750 Hits

Update on LBTT Rates for Residential Property

Update on LBTT Rates for Residential Property Posted on Feb 25, 2015 by Helen McGrath  | Tags: LBTT , property law , stamp duty land tax , Scotland , Land and Buildings Transaction Tax  | 0 Comments Following a surprise review by the UK Government of the Stamp Duty Land Tax rates, the Scottish Government has revised the rates which will apply to Land and Buildings Transaction Tax on residential , which will replace SDLT north of the border from 1 st  April 2015. The new rates for Residential Properties are:- - Up to £145,000                               Nil - £145,001 to £250,000                   ...
  656 Hits
656 Hits