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.
Alok Sharma, Minister of State (Communities and Local Government), made the following statement in response to a written question on 7th December 2017:
“Those local authorities and Housing Associations with which we are in discussion have indicated that they are choosing not to pass on the costs of interim measures or the remediation of cladding systems to individual flat owners within their buildings. I am clear that this is the right approach.
For the private sector, it is for the responsible person to take the necessary steps to ensure the safety of residents. In some cases these costs will naturally fall to the freeholder, landlord, or those acting on their behalf. Where they do not, I would urge those with responsibility to follow the lead of the social sector, and some private companies and not to pass on costs to leaseholders.
I also want to make sure leaseholders can access specialist advice to understand their rights. My Department is providing additional funding to the Leaseholder Advisory Service to provide a dedicated advice and dispute resolution service to those leaseholders affected. This will complement the excellent work being done by the Leasehold Knowledge Partnership, the All Party Parliamentary Group on Leasehold and Common hold reform and other organisations.”
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