Lease legal jargon explanation

yabbadabba_2

I bought a shared ownership property with my girlfriend and we have now split up. My intention is to buy her out and find a lodger. Before contacting the housing association i looked though the lease and found the following:

“NOT to assign, underlet, charge or otherwise part with possession of part only of the Premises”

Can anybody clarify what that means?

Thanks

no1gymbunny

This means that you are not allowed to sub-let the spare room which is what you intended to do. Also, before speaking to the housing association it might be worth discussing your financial situation with a financial adviser, just to see what your options are with regard to the mortgage.
Good luck

yabbadabba_2

I thought that's what it might mean, though I thought it may refer to physically deviding up the place and letting the other half as self-contained. Obviously not practical or probably possible, but I thought maybe these leases were a bit generic.

I think I need to clarify things with the housing association as to whether I can have a lodger (would they prefer I was forced to sell?), it's not as if I have gone into this purchase with the intention of getting a lodger. These are special circumstances effectivley beyond my control.

Once I know if I can have a lodger I can factor the rent into my budget and be able to talk to my lender.