The General Register of Sasines dates back to 1617 and is the oldest national land register in the world. This system has become outdated and impractical so has been gradually replaced since 1981 by the Land Register.
From 1 April 2015 the Land and Buildings Transaction Tax (“LBTT”) regime came into effect imposing a duty on commercial tenants to submit a return every three years. The first cycle of these three yearly returns arose in April 2018, and significant penalties can be incurred for late submission or failure to submit.
Serving notice in a commercial lease or contract might appear straightforward. However, mistakes are regularly made by the party serving notice, often resulting in cases being brought to Court to determine whether a notice has been validly served. This guide will address some common pitfalls and ways to mitigate the risks; it can be costly for the party seeking to rely on a notice to get it wrong.
Whether in our capacity as property owners or as individuals, we can be in no doubt of the responsibility we collectively face to protect our planet for future generations.