Lease wording - Don’t understand my rights here see section 5.5

drinkduffbeers

I don’t understand this, I’m hopefully buying a maisonette which is the upper two floors above some commercial buildings 

Does this mean if the place burns down the Freeholder can do nothing then after 3 years I get a share of the insurance rebuild costs.  Would I retain some sort of stake i.e air rights . It seems wide open to abuse 

drinkduffbeers

Obviously the insurance rebuilds cost payout would be a fraction of open market value of the maisonette  

user1977

drinkduffbeers said:

I don’t understand this, I’m hopefully buying a maisonette which is the upper two floors above some commercial buildings 

Does this mean if the place burns down the Freeholder can do nothing then after 3 years I get a share of the insurance rebuild costs.  Would I retain some sort of stake i.e air rights .

Presumably there's another clause saying the freeholder is obliged to rebuild? So this would only apply if they can't for some reason.

If the lease terminates then no, you would have no further rights.

All pretty standard, your solicitor can explain further if you need.