Lease Extensions and Property Management
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 or may require them to obtain their landlord’s consent beforehand.
Some leases may not only require the landlord’s consent to the sublet, but they may also require the subtenant to enter into a document called a Deed of Covenant with the landlord direct.
If a leaseholder is subletting their property without consent when consent should have been obtained, then their landlord may be able to take action against them and, if the lease allows for it, forfeit their lease.
If you are looking to rent your leasehold property out or you already has subtenants living in the property, please contact us and we will happily discuss your options with you.