Leasing And letting

Question 1

What is Consumer Protection Regulations and what did it replace?

Answer 1

Consumer Protection Regulations are laws that protect consumers from unfair trading practices.

It replaced the Property Misdescriptions Act (1991)

Question 2

For Leasing and Letting, tell me about the marketing of the industrial Unit in Isleworth.

Answer 2

Unit 3A Worton Hall. Approximately 1,250 Sq. ft. of the landlords property. Shared entrance, individual locked door. Business Rates Surveyor to reassess the property.

Question 3

What are CIS registered Contractors? What is the purpose of it?

Answer 3

Construction Industry Scheme.

It is where contractors deduct money from subcontractors and pass it to HMRC as contribution for towards tax and national insurance.

Question 4

What are the UK laws around commercial lettings boards?

Answer 4

Size: Maximum of 2m sq.
Location: No higher than 4.6m above the ground
Duration: Removal within 14 days

Question 5

What is the difference between a lease and a license?

Answer 5

EXCLUSIVE POSSESSION

The main difference between a lease and a license is that a lease grants the occupier exclusive possession of a property, while a license is a personal permission to occupy.

Question 6

What is an AGA?

Answer 6

‘Authorised Guarantee Agreement’ Requires the tenant who assigns a lease to guarantee the performance of the lease obligations by the party to whom the lease is assigned