Lorman
Gain an understanding of overhead allocation and its role in assuring projects are profitable. This topic will include a clear definition of what costs are actually overhead to be applied to jobs. The information will define the specific costs that are direct vs. those that are indirect as part of the overhead total costs to be allocated. Then we will look into the various methods to allocate overhead with a few key case studies on how the method you choose will impact each jobs profitability, and the practical applications you can use in your daily roles and apply to your business.
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Our annual end of year round-up looks at some of the key developments in commercial property law over the past 12 months, covering topics including:
Covid-19 and lease renewals:
WH Smith Retail Holdings Limited -v- Commerz Real Investmentgesellschaft mbH [2021]
Poundland Limited v Toplain (2 July 2021)
S. Franses Limited v The Cavendish Hotel (London) Limited [2021]
Covid-19 and rental payments:
Commerzreal Investmentgesellschaft mbh v TFS Stores Limited (2021) EWHC 863 (Ch);
Bank of New York Mellon (International) Limited v Cine-UK Limited;
London Trocadero (2015) LLP v Picturehouse Cinemas Limited [2021] EWHC 2591 (Ch)
Government response to Covid-19:
Commercial Rent (Coronavirus) Bill
Code of Practice
Fixtures and Chattels:
The Royal Parks Ltd and others v Bluebird Boats Ltd [2021] EWHC 2278 (TCC)
Security of tenure
TFS Stores Ltd v. Designer Retail Outlet Centres [2021] EWCA Civ 688
Break clauses:
Capital Park Leeds Plc v Global Radio Services Ltd [2021] EWCA Civ 995
RPI rent reviews and mistake:
Monsolar IQ Limited v Woden Park [2021] EWCA Civ 961
E-signatures, real estate and the Land Registry
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Join Chief Economist Ali Wolf and Senior Managing Principal Tim Sullivan for a national housing market update, discussing the latest developments of economic trends and impacts on the housing market.
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One of the more complex commercial leasing areas involves insurance provisions and how they relate to indemnities for third-party and first-party claims. Businesses can address these risk allocation issues with liability and property coverage, but counsel must ensure indemnity provisions that do not impede insurance coverage.
Counsel must identify the potential, relevant casualty loss exposures and the scope of the applicable insurance policy(ies) when drafting insurance requirements to apply to each party.
A vital issue in liability coverage is the ability to access the other party's coverage in the face of a contractual liability exclusion and other policy limits. The parties should obtain additional insured status to confirm insurance coverage of contractual indemnification under the lease.
Listen as our panel of real estate attorneys looks at casualty and liability insurance issues critical to landlords and tenants negotiating a real estate lease. The panel will discuss essential coverage and contract provisions to require insurance coverage and maximize coverage benefits. The program will also discuss other coverage issues relevant to commercial leases, including exclusions, proof of coverage, additional insured and loss payee parties, and primary/excess coverage.
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