Rent Review In a Commercial Lease, What You Need To Know

Rent review basics The rent review in commercial property is an inevitable necessity occurring at the set time intervals which are prescribed into the lease. It is imperative to understand why getting it right is important for both the landlord and the tenant. The...

4 Good Reasons To Extend The Lease of Residential Property

Extend the lease or not to extend? This is the question asked frequently. I assure you are not alone in this; thousands of leaseholders are asking this question, especially when they are purchasing the leasehold property or after some time when they come to...

Leasehold – What is it?

What is leasehold? Leasehold is a form of tenure where one party buys a specified space for a specified time length. Therefore, when you own a leasehold property you own the lease and the land and building structure is owned by the landlord who is the freeholder. The...

Collective Enfranchisement – The Guide To Buying Freehold

Collective Enfranchisement – What is it? Collective freehold enfranchisement is a right upon qualification to collectively acquire the freehold of the building from the existing landlord. This involves owners of the flats referred as ‘qualifying tenants’ joining...

Lease Extension – The Full Guide on How to Extend The Lease

The guidance to lease extension process  It is estimated that in the United Kingdom there is in excess of 2.5 million leasehold flats held on varying lease terms. Therefore, if you own the flat you will have lease that prescribes the length of the lease, the date it...