Lease

The Campaign for the Abolition of Residential Leasehold has revised it’s objectives are as follows : "1. Make commonhold compulsory for all new developments of blocks of flats. Since commonhold – a much fairer system of tenure than leasehold – is now available, there is no...

What should the new lease contain?When acting on the grant of a new lease during a conveyancing transaction special care must be taken to ensure the wording of the various clauses is clear and acceptable and that all the correct clauses are included. It is important to instruct a conveyancer or...

NEW - Click HERE to -see our list of mortgage lenders that will lend on a freehold flat!Thinking of buying or selling a Freehold Flat?This article sets out what you MUST know before buying or selling a Freehold Flat as well as tips and solutions to avoid being caught out:A Freehold...

It is a requirement of  most residential leases that a leaseholder cannot carry out alterations to his or her property without first obtaining a Licence For Alteration in writing from the Landlord.The extent  of the alterations that can be done without license is set out in the lease.Some...

When purchasing a property with freehold title, on completion you will own the property and the land it is situated on, outright.  You purchase the property from the seller, and in the majority of cases, no third party is involved in the transaction.  When purchasing a leasehold property,...

After a lease drops below 80 years, the cost of a lease extension escalates dramatically . A short lease can also make a property hard to sell as lenders typically lend only on properties with at least 55 years on the lease. There is no clear agreement ( even amongst lenders ) as to what...

First  things first you have to look at your lease. The lease is a legal contract and you can only be charged for services if they are specified in the lease. You ( or your conveyancing lawyers ) should check your lease carefully to examine the extent of the service charges to be paid for and...

You can vary any of the terms of your lease by agreement. In addition, you have the right to apply to a Leasehold Valuation Tribunal (LVT) on specific grounds to vary your lease.(please speak to a member of our leasehold conveyancing team about the specific terms you would like...

Where you have a leasehold property your conveyancing lawyer should explain the forfeiture provisions in your lease. The lease will normally provide that if you fail to pay the rent or the Service Charge when it is property due and/or you fail to perform your obligations, as tenant, which are...

If the a leasehold property forms part only of the area owned by the Landlord it is necessary for the Landlord to grant in the Lease rights for the benefit of the Property. A conveyancing lawyer would be expect to check for such rights. These rights should include all rights of way necessary to...