We have carried out a lot of lease reviews recently and it has been a handy reminder about how essential it is for all parties to know the contents of the lease.
No happy endings come from Managing Agents taking on management of new properties without full knowledge of the content of the leases or Leaseholders signing up to a lease without realising what the requirements are within it. Both of these scenarios can often be the direct route to legal proceedings.
Here are few suggestions of what we think are notable and how a better understanding could avoid issues later down the line:
- Reasons that