The Property Standardisation Group
The Property Standardisation Group
As the PSG looks forward to its 25th anniversary in 2026, we are also reflecting on another busy year of updates, maintenance and new additions to our suites of documents. We started the year with the publication of our long-awaited…
Two new Subleases of Part have now been published on the PSG website and are available on the Subleases page. The new styles are specifically designed to be used for a subletting of part only of the premises let by…
The PSG suite of leases continues to evolve – usually to give effect to the corresponding changes (where appropriate) in the Model Commercial Lease published versions, but sometimes to reflect changes in law and practice in Scotland. We have just…
When the PSG was formed in 2001 one of our aims was to produce documents written in plain English as far as possible. Plain English drafting was in its infancy and the PSG were keen to be seen to be…
The first standardised Scottish property document produced by the PSG was the Due Diligence Questionnaire (DDQ). First published in 2003, this is now in its 27th edition. It is accompanied by updated Guidance Notes. While it was intended to fill…
We have updated a number of our precedents this month and thought it would be useful to highlight some of the of what has changed: Certificate of title The City of London Law Society made some minor changes to the…
Two styles of Sublease have now been published on the PSG website, available on a new Subleases page, and accompanied by Guidance Notes. The Subleases are specifically designed to be used for a sub-letting of the whole of the let…
The Property Standardisation Group had another busy year in 2024, continuing its mission to produce high-quality, standardised property documents that the legal profession relies on. As the PSG suite of documents grows we spend a lot of time maintaining the…
For a number of years, the PSG has been using footnotes within our documents, to alert users to drafting alternatives or additional points to consider when tailoring our styles to specific transactional requirements. These footnotes supplement our standalone Guidance Notes…
From April 2024, amended versions of the PSG leases based on the Model Commercial Lease (MCL) and from July 2024, the Licences for Works are now available on the PSG website following the publication of the MCL version 1.7 suite…