Recent events due to coronavirus and the Covid-19 restrictions have greatly impacted the business and commercial world and raise important questions for both landlords and tenants of commercial premises.
Whether a property is suitable to be used as a dwelling or not is an important question for Stamp Duty Land Tax (SDLT) purposes. This question will be of importance to…………….
Compulsory registration of land at the Land Registry came into being for the whole country in 1990, and in other areas since 1925, on a sale, and following the introduction of the Land Registration Act 2002 a mortgage of your property will also trigger compulsory registration.
Since 2009, Land Registry has stopped fraud involving properties worth more than £92 million.
Property is most at risk of fraud if it is rented out or is empty or is mortgage free or is not registered with the Land Registry, and this applies whether the property is commercial or residential.