Trustees have a wide range of responsibilities when administering the trust estate under their charge. What is a trustee? A trustee is a person or a firm that holds and administers property or assets held in a trust for the benefit of a third party. A trust can be created for a variety of purposes. For example, trusts can be established in bankruptcy situations or in certain types of retirement plans or to manage assets for a minor or someone lacking capacity. Alternatively, a trust may be established to hold…
Understanding your legal rights as a commercial tenant is vital before committing to a lease for your business premises. Mert Sumbul considers the impact of the Landlord and Tenant Act 1954. What is the Landlord and Tenant Act 1954? The Landlord and Tenant Act 1954 is a significant law governing the relationship between landlords and tenants in commercial properties. It outlines the duties and rights of both parties in leases for business premises. Here, we’ll focus on how it affects tenants, as the Act provides specific protections that can be…
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