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What are Event fees?

These fees include “transfer”, “contingency”, “deferred-management” and “selling-service” fees. Fundamentally, all of them are triggered by an event (such as resale or sub-letting).

Leases of retirement flats and bungalows often include a fee triggered by certain events, such as when the owner sells or sub-lets their property. These fees are typically set at around 1% of the property sale price but may be as high as 30%.

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.