LONG LEASES (SCOTLAND) BILL REFORM COMPLETE
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Legislation to complete a programme of property law reform was completed at the end of last month. The Long Leases (Scotland) Bill will bring an end to ultra-long leases (let for more than 175 years) by converting them to ownership.
The Bill formed part of a programme of property law reform put forward by the Scottish Law Commission. This included the ending of feudal tenure in 2004 through the Abolition of Feudal Tenure etc (Scotland) Act 2000.
The Bill:
• Converts ultra-long leases to ownership
• Provides guidance on compensatory and additional payments to landlords
• Aims to simplify forms of land tenure
An eligible ultra-long lease is a lease originally let for more than 175 years and, at the Appointed Day, has more than 175 years left to run (non-residential leases) or has more than 100 years left to run (residential leases). The Bill will come into effect on the Appointed Day which is currently anticipated to be Martinmas (28 November) 2015.
The Scottish Government estimates that there are currently around 9,000 ultra-long leases in Scotland.
If you are concerned about the implications of this Bill and how it could affect you, please contact Atholl on 01343 890400 or email enquiries@bowlts.com to discuss your circumstances and find out how Bowlts can offer advice and assistance to ensure your interests are protected.
WESTER BROCKLOCH STEADINGS
Rafford, Forres
A unique opportunity to acquire a set of traditional farm buildings with Full Planning Permission in place for a single residential unit, set in a peaceful location yet with easy access to local amenities.
A substantial site extending to 4.67 hectares (11.54 acres) or thereby.
RURAL PRACTICE CHARTERED SURVEYOR AND TRAINEE CHARTERED SURVEYOR POSITIONS
Due to an increasing workload, we are looking to expand our rural practice department. Our office is based at Pluscarden, near Elgin, Moray. We currently have a staff of 15 and our core activity is property consultancy and rural estate management.
We are currently accepting applications for both a Rural Practice Chartered Surveyor as well as a Trainee Chartered Surveyor.
The successful applicants will join our rural practice team, which consists of four fully qualified land agents. Both positions are full-time, working Monday to Friday, and salary will be negotiable depending on experience.
If you would like to apply for either position, please email your CV and covering letter to mandy@bowlts.com.
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