The Latest Articles From South East Leasehold at Lease-Extension.co.uk
This is the blog section of South East Leasehold. It's where you can find all our latest articles - written by our team of leasehold professionals.
Unveiling the Significance of Marriage Value in Leasehold Properties
Introduction: The world of real estate is a complex tapestry woven with various terms and concepts, and one such intricate element is the marriage value in leasehold properties. Understanding marriage value is crucial, especially for those navigating the complexities of leasehold arrangements. In this blog, we will unravel the concept…
UK Residential Leases General Information
Residential leases in the United Kingdom form the legal foundation of countless housing arrangements, shaping the rights and responsibilities of both landlords and tenants. These documents provide the framework for the use and occupation of a property, outlining various terms and conditions that govern the landlord-tenant relationship. Understanding the key…
Ground Rent
Ground rent is a concept deeply embedded in the real estate landscape, shaping the dynamics of property ownership and management. At its core, ground rent is a recurring payment made by the leaseholder to the freeholder for the use of the land on which a property is built. This arrangement…
Leasehold Reform (Ground Rent) Act 2022 – LRGRA2022 – The Act.
South East Leasehold 15.3.22 Leasehold Reform (Ground Rent) Act 2022 – LRGRA2022 – The Act. The Leasehold Reform (Ground Rent) Act 2022 will affect Freeholders who are granting non-statutory lease extensions. The new rules must be adhered to, otherwise the freeholder will be liable to statutory fines. Existing…
Leaseholders Help from Government
Housing Minister; Michael Gove did a series of news interviews this morning, announcing more help for leaseholders affected by the cladding crisis AND the wider fire safety issues. Companies “have until March” to shoulder their responsibilities for medium rise buildings, between 11 and 18 metres tall. He also announce additional…
Charitable donations St Wilfreds
Thank you to all our clients who have generouisly donated…. Subject: St Wilfrid’s Hospice – An Update and Thank you Dear Simon, I hope you and all at South East Leasehold are keeping well during this time. I wanted to write today to thank you for…
Government Leasehold Reforms
Housing Secretary Robert Jenrick has announced reforms to leasehold ownership. In this article we set out comments on key questions arising from the reforms. Why is leasehold being changed? In summer 2020 the Law Commission published a series of reports following consultation into perceived shortcomings of current leasehold…
LEASE EXTENSION PROCEDURE
Instruction 1. The valuation work starts the process. Please complete and return the attached instruction form. We will send you separate valuation terms and conditions for signature and return. All can be done by email with fillable PDF forms. Valuation fees payment required to valuation account. Valuation Work 2. We…
Cladding issues and funding for leaseholders
The UK Gov announced a new fund worth £3.5bn to for unsafe cladding for all leaseholders in high-rise buildings over 18 metres. This is further to the Gov’s £1.6bn Building Safety Fund created in March 2020 to help fix non-ACM cladding systems on high-rise blocks. Housing Secretary Robert Jenrick made…
Government leasehold reforms and how they might affect new and leaseholders already in the process
The Government has laid out a number of measures to reform the leasehold system. These are; Abolish ground rent on new leases. Extend leases to 990 years. Abolish marriage value and cap ground rent value. Lease extension valuations to be carried out online. Numbers 1 and 2 will take place…
Government reforms make it easier and cheaper for leaseholders to buy their homes
Millions of leaseholders will be given the right to extend their lease by a maximum term of 990 years at zero ground rent, the Housing Secretary Robert Jenrick has announced today (7 January 2021). Today’s measures come as part of the biggest reforms to English property law for 40 years, fundamentally…
Curo Places Ltd v Pimlett
Curo Places Ltd v Pimlett Service Charge disputes Although not required appeal against that UKUT lease – Appellant housing association 1 30 (LC); [2019] PLSCS 73. The appellant taking over as landlord and seeking to appealed to the Court of Appeal. impose charge for grounds maintenance Held:…