A lease is a special type of property contract that sets out in writing the relationship between the building owner and the flat owner. It is an extremely important document. Understanding the rights and obligations it sets out on the respective parties is critical for getting to grips with the complex way residential leasehold property operates.
In this section, you will discover various articles discussing different aspects of the lease contract which will help your understanding of this important document. If you still have questions or require further clarification, don't forget to contact us, comment on an article or leave a comment in our forum.
The global financial crisis means money is tight. What does it mean to your block?The credit crunch will spare no one, but for flat owners problems and opportunities can be comfortable bed partners.
What’s bad news for buy-to-let could be good news for blocks, says Jane Barry Live, as I do, in a block that’s extensively sublet, and you can’t help experiencing a touch of schadenfreude at the plight of buy-to-letters. During the past five years, while buy-to-let has been the new gold, and property programmes have bashed on about how it only takes some faux-wood laminate and a bevvy of brushed steel door handles to turn a dump into a desirable rental for “young professionals”, I’ve heard a different message coming back from flat owners who see their property as a home, not an investment.
After reading the section of the Carsberg Review on leasehold and rental property management I started to think about where we actually are in terms of reform and education in the leasehold sector, especially as much of the new-build property is being leased. So, in order to understand where we are now we perhaps need to remind ourselves how we got here.
MiNC Apartments is a family run business with offices in London, Dubai and Johannesburg. Upon meeting Kamran Mahmood, the MiNC business plan is clear; to create a brand of serviced apartments that will become synonymous within the sector as Hilton is to hotels or McDonalds to fast food. But is this possible and how long will it take? The company entered the serviced apartment sector after rentals started narrowing in the UK and it was looking to enhance its own income as well as that of its clients’.
Commonhold is a new form of property ownership. It was introduced by the Commonhold and Leasehold Reform Act 2002. We explain this new form of land tenure and tell you everything you need to know...