Overview

Whilst there are many similarities between commercial property transactions in Jersey and England, there are also some fundamental differences, including:

• Title: The Land Registry of England and Wales guarantees title to registered land, whereas the States of Jersey do not guarantee title to property.

• Stamp Duty: In Jersey, Stamp Duty is payable on the acquisition of property on an accumulative scale (unlike SDLT) and there is no nil rate band, nor any differential between commercial and residential rates as in England.

• Termination: In Jersey there is no statutory security of tenure and no equivalent to the Landlord and Tenant Act 1954 (the 1954 Act). Accordingly a tenant has no prima facie statutory right to remain in the demised premises after the expiry of its business lease.

Mourant Ozannes aims to provide an overview of these key differences in order to help overseas clients to see their way through a Jersey commercial property transaction.

To read more click ‘view briefing’.