Part 2: Hotel Project = 80%
Along with some associates, you wish to form a company for the purpose of acquiring a country house and converting it into a hotel, which you will then lease to a hotel management company.
Prepare a report outlining to your associates the legal implications of your undertaking.
Your report should address the following matters although you do not have to give equal attention to all of them:
Describe how you would set up your company and the advantages of using a corporate structure.
The property could be either leasehold or freehold; discuss the implications of each.
Show that you know how a title is conveyed.
Are there any easements or restrictive covenants affecting the title?
How do you go about obtaining planning permission? It might be that the building is listed.
Show some knowledge of leasehold property including covenants.
Consider what steps need to be taken during construction work to
ensure that you are not liable in tort.
Demonstrate some knowledge of business tenancies under Part 2 of the Landlord and Tenant Act 1954.
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