Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
LEASE advised a leaseholder seeking recognition of a tenants’ association in a block of over 100 flats. The freeholder’s agents were insisting on personal signatures of the association members before granting recognition.
LEASE advised that personal signatures of association members was not a legal requirement for such recognition and after pressing the point with the agents they finally provided a letter granting formal recognition.
Formal recognition of a tenants’ association can be via a letter from the freeholders or their agents or by recognition by the Rent Assessment Panel. A Panel will generally require a written constitution, 60% of service charge payers to be members of the association and for a list of members to be provided. Formal recognition by the landlord or the Panel confers certain rights, such as being consulted over major works; over a change of managing agent; over appointment of a surveyor under the Housing Act 1996.
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