Conveyancing solicitors in Manchester, UK with blackstonesolicitorsltd.co.uk? Some individuals review their Wills regularly ensuring that they amend them to take account of a change in family or personal circumstances. However, those that don’t may find that on their death their Wills may not reflect their own last wishes or the expectations of those they have left behind. There are a number of reasons one might wish to make a Deed of Variation, for example, to make provision for someone who was excluded from the Will, to take account of differences in the financial position of beneficiaries, or to simply pass assets on to the next generation. There may well be other financial reasons to consider. At Blackstone, we can help to ensure a Deed of Variation achieves the outcome you are looking for. It is imperative that you seek expert legal help as once a variation has been made it cannot be undone.
What should be included? The main areas you should think about including are as follows: Running the business: appointing, removing, remunerating directors; financing arrangements; banking arrangements; how directors will communicate with shareholders about performance; Good/Bad leaver clauses – set out terms of transfer of all or some of the shares of a departing director-shareholder to the remaining ones based on the reason for departure. If a founder is also employed as a director of the company, he or she has employment rights, which are quite separate to shareholder rights. Good leaver/bad leaver clauses provide a mechanism to tie the end of employment with the end of share ownership. Good leaver clauses provide incentives to founders who are important to the business to stay working in it until milestones are reached, while bad leaver clauses act as a deterrent to leaving early or breaching another contract (such as a director’s service agreement). Leavers of both types can be defined by actions as broadly or as narrowly as the shareholders like, with one being the remainder of actions that the other isn’t. Typically, actions that would define a good leaver would be.
We are dogged in our determination to make sure all parties involved do what they should be doing, when they should be doing it, giving you the peace of mind to focus on the other important matters you are dealing with. Transferring the ownership of a home that has a mortgage, such as when gifting to the next generation, or giving someone shared ownership of a property with a mortgage can be tricky. While it is entirely possible to do so, there are a variety of factors to take into consideration. To find out more about how to transfer the ownership of a property with a mortgage, contact our residential property solicitors today for a free, no obligation initial discussion on 0161 929 0121. Or alternatively fill in our online enquiry form or email us on info@blackstonesolicitorsltd.co.uk and a member of our team will contact you.
Why are we better for you? We stand out from the crowd because we care about every case we take on, and doggedly fight to get the result that is fair and right. This is reflected in our ethos of passion and tenacity, which we follow at all times. We understand clients want a law firm to fight their corner every step of the way. We are: Passionate about each and every case, Willing to pursue what we think is right, Highly experienced in getting the right results for our clients, Highly academic – both in our background and our approach, Proud of the work we do. Read more details at Blackstone Solicitors.
It’s a landlord’s worst nightmare: a former tenant absconds from a property without having paid everything owed. It can be extremely tricky to reclaim this debt without the assistance of a solicitor. Often the ex-tenants will find excuses to delay payment; will ignore calls and letters, or disappear altogether. Blackstone Solicitors specialise in rent arrears case’ armed with the legal expertise needed to ensure a fair outcome for landlords. You shouldn’t have to experience stressful cash flow problems just because a tenant won’t pay its debts, which is why we aim to resolve such disputes promptly and effectively.
If the lease grants security of tenure, the lease will continue after the expiry date if the Tenant remains in occupation of the property for business purposes. In this scenario the Landlord or Tenant must serve one of the following notices to terminate the lease: Section 25 notice – if the Landlord wishes to determine the lease and can satisfy one of the grounds in section 30 of the Landlord and Tenant Act 1954, serving a hostile section 25 notice will prevent the Tenant from taking a new lease. Examples of grounds under the Act include breaching repairing obligations, persistent delays in paying rent or the Landlord redeveloping the property. Section 26 notice – if the Tenant wants to terminate the lease, a section 26 notice can be served. Read even more information at https://blackstonesolicitorsltd.co.uk/.