Block Management for Landlords
Many leasehold properties are now being used as rental accommodation.
However, what leaseholders are not realising is that the terms of their lease may prevent them from doing so altogether or may require them to obtain their landlord’s consent beforehand.
Therefore some leaseholders could be in breach of their lease if they are subletting without their landlord’s consent when it is required.
Some leases may not only require the landlord’s consent to the sublet, but they may also require the subtenant to enter into a Deed of Covenant with the landlord directly to comply with the leaseholder’s covenants under the lease.
If a leaseholder is subletting their property without consent when consent should have been obtained, as their landlord you may be able to take action against them and, if the lease allows for it, forfeit their lease.
If you have a leaseholder that is advertising their property for rent or already has subtenants living in the property and perhaps they shouldn’t be, please contact us and we will happily discuss your options with you.