Understanding UK Property Law

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Property law in the UK is quite complex. Indeed, there are a lot of things that are not actually governed by ‘UK property law’ as such but by English law, or Scots law.┬áIf you are considering buying a property, or taking out a leasehold or a freehold, then it is important that you seek professional legal advice before making such a large commitment. Property law governs ‘real property’ as opposed to personal property or intellectual property. Land can be considered property in some cases, but unregistered land is treated differently to registered land. Seek the advice from a reputable law firm so you know exactly where you stand.

Personal property covers goods, money, and moveable items, while real property is buildings and houses. This is a generalisation, but it covers the majority of cases. Personal property can simply be ‘given to someone’ but real property, in general, would need to be transferred by a deed.

The recording of the transfer of property – either permanently or through a lease, is something that is an important element of the law.

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What do Property Lawyers Do

Property lawyers can help with both commercial and residential property issues. They can help people with the buying and selling of property, and with rentals as well. Some of them can help with planning law or with construction. Many property lawyers will choose to either focus exclusively on residential work or on commercial work.

Residential conveyancing specialists are likely to be based on the high street and will deal with people face to face. Commercial lawyers may work with clients from all over the country and will handle much bigger cases but potentially with less face to face contact.

The housing market in particular is quite busy at the moment in the UK, and this means that lawyers are in a lot of demand. There have been some high profile cases of home buyers running into difficulties with poorly constructed houses on new builds, and this is something that a lawyer may be able to offer advice regarding. If you are buying a newly built property then you want to know that the property that you get will be fit for purpose. Engaging a property lawyer to help ensure that you do indeed get something that is in a good state of repair is important.

Commercial Property

Commercial property leases can range from two months easy in/easy out, through to decades-long leases. Purchases can involve massive sums of money. There are many different types of lease, from FRI leases where you are responsible for rent, repairs and insurance to leases where you simply occupy the building but within reason the landlord does all of the work. Make sure that you get the agreement properly documented, and that you are able to meet all of your obligations.

Don’t forget, also, that there are business rates and insurance requirements that must be met in commercial properties. Business rates are a percentage of the rateable value of the property and can increase the cost of the property by 20 percent to 50 percent in some cases.

Knowing Property Law

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understanding property legal issuesFrom home ownership to purchasing business premises, property law is one of the most varied career options. If you are interested in helping people and companies as they complete important transitions, it may be time to consider a career as property law solicitor or conveyancer.

What Is Property Law?

Property law is one of the most thriving areas of legal practice, particularly during these periods of economic boom. The land’s appreciative value as a fixed asset will always be valuable. As a lawyer in this field, you could work in either a corporate or residential setting. Commercial property law can also be divided into public and private projects; therefore, you will be able to provide assistance for investors, businesses, developers, individuals and government bodies.

What Does Property Law Include?

For the majority of people purchasing a property is the largest transaction they will make. Most will commit to a large level of debt when making this purchase that they will continue to pay off for years, if not the rest of their lives. Working in this field, you could be dealing with these issues. At the beginning of the career, you will start drafting contracts; however, you can progress toward negotiations between the two parties.

It is common for people in property law to specialise in a particular area, while others opt to be ‘general practitioners’ working in all areas of property transactions. The average tasks of a property lawyer including structuring arrangements for investments, negotiating transactions, preparing documents, and finalising transactions.

What Makes A Lawyer A Good Property Lawyer?

To be a successful property lawyer you will require specific characteristics – you must be observant, pay attention to detail, have an ability to collate and present information meticulously. You need to have a logical mind when dealing with the different parts, and your drafting skills must be logical. You must have a thorough understanding of the various regulations and legislation associated with property law. Moreover, you communication skills need to be high quality because most of the work needs to be consensual. Client management is also significant as you will need to translate complex terminology for your clients.

What Ares Of The Law Are Covered By Property Law?

Property law covers various areas of law, including the following:

1. Administrative/Constitutional Law

This area is the core legal field as it holds all the other legal areas together – the “glue”, if you will. Regardless of whether you are looking at a specialty or general practice, the administrative and constitutional law area is the primary foundation.

2. Public Law

Public law is the area that arises between the public and the state, meaning it includes criminal, constitutional/administrative and tax law.

3. EU Law

As Brexit comes closer, EU law is becoming more important to legal professionals. As a primary area of law, EU law deals with all elements relate to the European Union and the power it has over the members. If you are interested in law on an international scale, then EU law is the best career option.