...do you want a reversionary lease, or do you actually want to regear your lease? In these strange and challenging times, many tenants are looking to change the terms of their lease, by, for example, agreeing to an extended lease in return for a...
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Are you a house builder who wishes to sell the freehold reversion of either an apartment block or a leasehold mixed-use development? The right of first refusal under the Landlord and Tenant Act 1987 (the Act) makes this more complicated than you...
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Most flat leases are granted for an initial term of 99 or 125 years. If the lease isn’t renewed at the end of the term, the flat becomes the Landlord’s property again. This means that as the years pass by, the flat becomes less valuable. ...
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What is Ground Rent? In order to enforce the terms of a Lease, a Ground Rent must be set. This is generally in the form of a Tenant paying an ongoing sum of money to the Freeholder on an annual basis. This is because a Leasehold title (i.e....
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Overage Agreements – a popular, but potentially risky route for a seller to try to secure a share in any future uplift in the value of the land that they are selling. To explain, an Overage Agreement is an agreement between a buyer and seller,...
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As the demand for housing continues to rise year on year, many landowners are looking at the possibility of selling their land to developers. Given the flexibility of such agreements, Option Agreements are becoming an increasingly popular choice for...
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It is well-documented that house prices have increased and the recent end to the Stamp Duty Land Tax break has meant the property industry has been in overdrive over the past few months. There are still looking to take perhaps their first step into...
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When agreeing on a commercial lease it's important you know exactly what you're doing. With these top 5 tips, you'll be better prepared to take on a new lease. Term How long do you want the lease to be? Most leases offered on the market...
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Background Unless the Landlord and Tenant agree that the Landlord and Tenant Act 1954 won’t apply to a new lease, a Tenant has a statutory right to renew its lease at the end of the term. If it is agreed that the 1954 Act won’t apply to a...
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Developers- do you still charge ground rents in your residential leases? As part of the Government’s planned legislative programme for 2021/22, the Leasehold Reform (Ground Rent) Bill was introduced last month into the House of...
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