I am undertaking a lease extension. Can the landlord insist on making variations to the lease? The short answer to this is ‘yes,’ if the variations are necessary modernisations and the extension is being carried out under the Statute. The 1993 Act implies certain provisions will have to be included in the new lease (these relate to the landlord’s right …
Who is responsible for maintaining the structure of the building?
If you live in a freehold property, the answer to this question is simple – if you own the part of the property in question, you are responsible for repairing it. In a leasehold property a similar logic applies, but you must first establish which bits of the property you own and are therefore also responsible for repairing. This …
What Happens When Your Lease Runs Out
“I want to retire, but the lease on my house is soon to expire” This is a good question and one that comes up from time to time, particularly in central London where there is often a cost/benefit debate about extending where the term is below 10 years. Most of the compensation is paid in respect of the ‘reversion’ – …