Real World - Finance and Real Estate News

November 08, 2010
It feels like the UK real estate market is in the eye of the storm - the market for prime London property has bounced back strongly after the recession, but otherwise values and transaction volumes remain in the doldrums. We brace ourselves for a tsunami of job losses in the wake of government spending cuts and wait for the storm to pass. This issue brings news of a victory for landlords on guarantee stripping CVAs and a defeat for developers on injunctions for breach of rights of light. It also explains how to avoid unforeseen difficulties when drafting conditional contracts and looks at whether tenants are responsible for the acts of their subtenants.