Leases can vary in length from very short periods of time to 999 years. They set out the rights and obligations of both parties and what rent is payable. As a landlord or tenant, you will want to be sure that your interests are protected. Our property experts will take the time to explain your lease to you and we will ensure that the terms protect you.
Our specialist property lawyers will talk you through the details of your lease including your rights to insist on a deed of covenant or the effect of a covenant. We will explain everything to you in a straightforward manner so that you understand exactly what you are agreeing to. We will draft your lease making sure your interests are protected but ensuring it is attractive for future tenants. Your lease may include restrictions which will protect the value of your property from the actions of future tenants.
Our specialists can help you to extend the term of your lease and we will explain to you the process involved in doing this. As a leaseholder you may meet certain criteria which will make it possible for you to force the landlord to sell you the freehold, giving you control of the building.
Dealing with lease extension and leasehold enfranchisement is an extremely specialist area of law and you must follow the correct procedure. We have dedicated leasehold solicitors in-house who have years of experience in helping leaseholders purchase their freeholds. Your lease will state any restrictions and whether you will need your landlord’s permission to make alterations to a rented property.
Our property specialists will advise you on what alterations you can make and how to ensure you are following the correct procedure. If you do not follow the correct procedure you may be liable to compensate the landlord or remove the alterations. If you are looking to sell your lease you will need expert advice as all leases are different. Your landlord will want to ensure the new lessee is able to pay the rent and they may require someone to act as a guarantor before agreeing to the assignment. Our specialists will advise you on the requirements of your lease and explain what is needed before you can sell the lease. If a new lease is required despite there being a lease already in existence, an overriding lease can be granted. Our team of expert property lawyers have an excellent track record of achieving results for landlords and lessees.
To speak to a specialist who can help with any aspect of a lease, please call or email us today.