Leaseholder Deed of Variation for extension - do I have to sign?

granta

eddddy said:

granta said:

I don't think we are worse of as a result of any of these offers.

But you could be worse off if you sign the deed of variation, and for example, if part of the new storey cracks or collapses - because the developer failed to strengthen the floor joists, or used inadequate beams, etc

The cost of putting that right could be tens of thousands, and you might be responsible for paying 20%.

How confident are you that the developer has used reputable surveyors and structural engineers - and followed their advice? And used reputable builders and got proper sign-off from building control?


It sounds like you really do need a lot of advice from a suitable solicitor about this.

The work has already happened and was monitored by the Freeholder's surveyor who has just signed it off. I've been sent a 50 page report of building control, FENSA certificates, structural calculations etc. I don't know what other robust measures you would be looking for?

As I said, we are at the stage where the final lease variations are being drafted as per a licence agreement that was agreed in ADVANCE of the works starting. The developer could not start without this license and proper insurance etc in place.
There is little point in going over old ground as the only thing I have (some) control over is the handling of the lease variation.
If my lender now gets in involved that in itself will delay matters as I have no idea how long they would take to approve the lease change.