What makes a commercial lease? A commercial lease is a contract made between a business tenant and a landlord. This commercial lease contract grants you the right to use the property for commercial or business… What makes a commercial lease?
What is meant by leasehold? What does leasehold mean? You are purchasing a lease from the freeholder for the right to live in the property for a set number of years. You won’t technically own… What is meant by leasehold?
When you buy a flat Do you own it? Flats are not usually sold freehold. They are usually sold on a long lease, often 125 years. This gives you the right to live there during… When you buy a flat Do you own it?
Is 125 years a long lease? The majority of residential leases used to be for a term of 99 years, but more recently leases on modern purpose-built flats have been for 125 years or longer.… Is 125 years a long lease?
Is a 999 year lease worth it? A 999 year lease is effectively as good as freehold, and there can even be some advantages to owning some properties this way, rather than under freehold (see… Is a 999 year lease worth it?
Are leasehold flats worth buying? With a well-written lease and a properly managed building, a leasehold flat should provide a perfectly good home and a secure investment. Do leasehold flats go up in value? Flats… Are leasehold flats worth buying?
What is the point of a 999 year lease? Put simply, acquiring a 999 year lease enables a flat owner to have a title that is ‘as good as freehold’ and therefore more marketable than… What is the point of a 999 year lease?
What is the usual length of a lease on a flat? The majority of residential leases used to be for a term of 99 years, but more recently leases on modern purpose-built flats have been… What is the usual length of a lease on a flat?
Do you need permission from freeholder to rent? Leaseholders must have permission from the freeholder to rent out their flats. If your landlord does not have permission from the freeholder, they will almost certainly have… Do you need permission from freeholder to rent?
What is the purpose of assignment of rents? An “assignment of rents” allows the lender to collect the rent payments, if the borrower defaults on their loan payments. What does assignment of a lease mean?… What is the purpose of assignment of rents?