Guarantor agreement A Guarantor agreement is a type of surety given before a lease for property is agreed. The landlord or a managing agency can ask for it if there are any doubts as to the potential tenant’s ability to pay rent and any other required charges. This can occur if a future tenant is [...]
The Leasehold Valuation Tribunal (LVT) is an independent body which role is to facilitate the settlement of disputes between landlords and leaseholders. Its role is to provide accessible advice and offer a less formal hearing than the court proceedings as well as aim to preserve the relationships between the parties. LVT’s decision is legally binding [...]
Leasehold and freehold explained Leasehold residential properties are often sold as having a ‘share of the freehold’. This doesn’t mean that the flat is a freehold, rather that it is “carved out” of the freehold. Sometimes, although unusually, one flat in a converted flat will have the freehold title attached to it although it may [...]
Extending a residential lease of flat – the basics Legal right to extend To have the statutory right to extend :- The leaseholder must have owned (but not necessarily lived in) the property for at least 2 years The lease must originally have had a term of at least 21 years Leaseholder will have to [...]
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