We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Some users
fleur8
Posts: 48 Forumite
Internet users
0
Comments
-
Is this the same lease as your other thread?
It is difficult to speculate the motives without knowing the setup and what prompted the request to amend the lease. In general in a shared freehold situation (if that is what it is) all leases in the block would be amended/extended at the same time so that everyone has the same benefits. It would be difficult for an individual leaseholder/shared freeholder to make changes to their own individual advantage.
0 -
Joint freeholder canot unilaterlly change or extend a lease. Consent would be neded by all joint freeholders, and the leaseholder. Possibly also all other leaseholders.As to motivation, extensio of a lease makes it more valuable. Amendments- depends what they are!
0 -
Perhaps the best option would be to at the old lease and compare it to the new one. Have you (or your solicitor) got a copy of the old lease? You should be able to get it from LR?
There are many potential changes that could be made to a lease, such as- covenants about subletting, making alterations, keeping pets, carpets
- extent of the demised premises - e.g. adding the loft space to a top floor flat
- changing the proportion of service charges paid by each flat
TBH, you should also ask the seller why the lease is being rewritten. If the seller is secretive and cagey, maybe you should be concerned.
0 -
I would be inclined to advise the the seller not to accept any lease amendments unless it can be confirmed that that both leases (assuming two joint freeholders) are amended to match.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.9K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards