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?

Who pays for a commercial lease assignment? The outgoing tenant is referred to in the legal documents as ‘the Assignor’ and the incoming tenant is referred to as the ‘Assignee’. The incoming tenant will become… Who pays for a commercial lease assignment?

What does an assignment of a lease mean? What is an assignment? To assign a lease is to transfer the legal interest to another. Meaning the incoming tenant will step into the shoes of the… What does an assignment of a lease mean?

Who pays for assignment of lease? The assignee will, in many cases, have to pay a premium to the assignor. However, if the premises are less sought-after, they might sometimes receive a reverse premium. The… Who pays for assignment of lease?

How do I assign my lease? The process of assignment of a lease is essentially selling the lease to a third party (the “assignee”). If you are a commercial property tenant, your contract likely contains… How do I assign my lease?