Law of Property Act 1925: Primary legislation governing property rights and interests in England and Wales, defining legal estates in land. Fundamental for any property transaction including lease buyouts.
Landlord and Tenant Act 1954: Key legislation for commercial leases, dealing with security of tenure and the rights of business tenants. Essential consideration when terminating commercial leases through buyout agreements.
Landlord and Tenant (Covenants) Act 1995: Addresses the transfer and release of landlord and tenant covenants, crucial for understanding ongoing obligations after lease termination.
Law of Property (Miscellaneous Provisions) Act 1989: Section 2 requires contracts for sale or disposition of interests in land to be in writing and comply with specified formalities.
Contract Law Principles: Common law principles governing contract formation including offer, acceptance, consideration, and intention to create legal relations.
Consumer Rights Act 2015: Relevant when one party is acting as a consumer, providing additional protections and rights that must be considered in the agreement.
Finance Act 2003: Contains provisions for Stamp Duty Land Tax (SDLT) which may have implications for the lease buyout transaction.
Land Registration Act 2002: Sets out requirements for registration of property interests and maintaining an accurate record of land ownership and interests.
