Author: admin
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Extending a Lease – getting started
The majority of the flats in England and Wales are held on “Long Leases“. Historically residential leases were usually 99 years, but many modern leases can be 125 years or more. Leases on ex-local authority flats are also normally granted for 125 years. A leasehold interest in a property is a diminishing asset; as the…
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Should I buy a flat with a short lease?
Before answering this question I should probably define what we mean by a short lease. 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 for 125 years or longer. Most leases on ex-local authority flats are also for 125 years. The value…
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The Tenancy Agreement
Since 1998 The Assured Shorthold Tenancy (AST) Agreement has been the automatic or default form of tenancy for most residential tenancies. The most important aspect of this type of tenancy is that the Landlord has a right to get his property back at the end of the tenancy. Despite its name an AST does not…
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10 Things That Every Student Ought To Know Before Renting
Lets be honest about this, landlords are the enemy. You need to protect yourself from the ones that will take your money and give you a bad time. Fortunately there are rules and regulations out there which will protect you. You biggest expenditure whilst you are a student is your rent, unless of course you…