Archive for June, 2009
Guide To Residential Or Commercial Leases On UK Properties
So youre leasing a property. Why pay for commercial property services when youve done it all before?
After all a lease is a lease is a lease isnt it?
Well sadly not. No two leases are the same so you must protect your commercial interests and nail down the rights and responsibilities for both parties.
The landlords responsibilities are likely to include:
Maintenance and repairs of the building
Management of common areas such as grounds staircases and hallways
Insurance of the building
While the leaseholders obligations may include:
Keeping the inside of the property in good order
Behaving in a neighbourly manner
Payment for services eg maintenance and repairs building insurance etc
Payment of ground rent
Payments into a reserve fund for any scheduled major works eg external decoration
Restrictions on certain activities without the landlords consent
As a guiding principle the landlord is not obliged to provide any service that is not specified in the lease and the leaseholder is not obliged to pay for anything that is not specified in the lease.
How confident are you that your property lease really covers all these angles? If you leave room for doubt you may well regret it further down the line!
And when you’re taking up a lease…
Leasehold contracts are designed primarily to protect the commercial interests of the landlord.
Which means its up to you the leaseholder to challenge the terms that dont suit you. And as the landlord has an army of commercial property consultants at his disposal hes probably not too worried about that.
If scouring acres of small print is your idea of fun then go ahead. Enjoy! But if you prefer to live your life and leave the mindnumbing mumbojumbo to the professionals you really should talk to your property consultants.
Its vital that you understand your lease conditions before you buy. These are questions like:
Will you have to pay ground rent?
What service costs are you expected to pay?
Will you have to pay into a reserve fund for future building works?
Is the property subject to conditions of use eg commercial or residential restrictions?
What obligations does the landlord accept?
With so much at stake you cant afford any grey areas. So ask your property consultant to look through your contract and pick out all the gremlins.
About the writer: Sam Hawking runs Sam Hawking Co a dynamic company specialising in conveyancing and UK property law for residential commercial and agricultural clients. Licensed Conveyancer Sam established the company in Port Talbot in September 2006 and has quickly achieved a strong reputation as a conveyancing solicitor in South Wales. Join Sam’s website at: http://www.propertysolicitorconveyancing.co.uk
Greater Noida Real Estate Outlook
Greater Noida a composite of industrial residential commercial and amusement areas is built on the gridiron concept. The use of modern engineering urban planning and great architecture is helping Greater Noida becoming a contemporary and wellorganized place. An efficient infrastructure support system plays a major role in Greater Noidas advancement. All efforts are on to make Greater Noida a pollution free and green place to live in.
You can reach within 50 minutes from New Delhi Rail station and within 55 minutes from I.G.I Airport.
You get all the basic amenities to cover up excess demand.
You can have a dependable power distribution system in place.
4 broadband service operators are providing 650 mbps broadband connectivity through modern optical fiber.
Abundant sweet ground water supply is available in Greater Noida.
Systematically planned sector layout and a wide road network of 60 to 105 meter wide roads makes the transportation system contended.
Underground electric cables and the drainage system improve the quality of the service and present a cleaner environment.
The IT sector is supported with lots of concessions from the U.P Development council.
Greater Noida is neighboring the large industrial Noida township and falls within the National Capital Region of New Delhi.
The proactive administration ensures the fast execution of the progressive policies. A highly developed telecom structure with optical fiber and digital microwave system ultra modern infrastructure and 24hours power supply system with underground cable facility are the important features of Greater Noida. World standard solid waste management system broad roads and profuse supply of sweet water are making the life in Greater Noida extremely comfortable. Greater Noida real estate is committed to progress in a nature friendly wayas atleast 25 land is alloted to greeneryand the Ecotech concept allows only the zero pollution industries to operate. Greater Noida is definitely considered as a role model for the prospective Indian industry.
The big brands are finding their prospect in Greater Noida. To name the few Denso India Escorts Yamaha Honda LG Moser Baer Pepsi and Videocon have started their operations in Greater Noida. The eminent realtyplayers like Omaxe Eldeco Unitech Ansals and Parsvnath developer are engaging themselves to build up modern residential complex. The standard of education is definitely the best with the schools like DPS and Apeejay. The student can pursue their higher studies in the institution like Maritime Institute IEC College of Engineering. It can be safely predicted that an exciting future is awaiting for you in Greater Noida.
About the writer: Visit MastGhar.com for additional resources on real estate India.
Goa Constant Rise In Realty Segment
Goa real estate developers are not just cashing on the sprawling beach attraction of the state for higher returns on the real estate any longer. These days the focus of the real estate developers is more on providing a valueadd on the basic amenities of everyday lifestyle. If you wish to buy apartments in Goa a whole package of daily life amenities will be thrown open to you. Over the past couple of years property prices have skyrocketed as a result of new projects that are offering a wide range of lifestyle amenities ready to be developed.
Goa real estate builders are currently acting on the lines of providing basic details that may sound as simple as a good pressured central overhead tank to facilitate water supply. The bedrooms are now complete with wardrobes and the walls of the apartments are provided with concealed plumbing and electrical elements. Modern kitchens too are becoming a favorite with most Goa real estate builders.
The kitchen is set with granite cooking platform with one stainless steel sink garbage crusher below the sink and hot / cold water mixer. Kitchen cabinet cooking range chimney fridge or even a microwave is an added value if you are considering buying apartments in Goa. With the activities of real estate giants like Gera Parsvnath and DLF the Goa property market is transforming fast.
Goa Real Estate has emerged to be the countrys hottest destination for real estate developers as it is a favorite amongst both foreign and NRI end users. Even though foreign ownership of real estate is technically not allowed in Goa many foreigners have managed to buy apartments and holiday homes out here. However Goa government is gradually rising to the challenge and taking measures to intervene in such socalled illegal activities.
About the writer: George Gonigal provides you the best and latest information on Bangalore Real Estate Developers If you want to Buy Apartments in Goa he suggests you log on to magicbricks.com
