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.
A landlord must consult the leaseholders before entering into a qualifying long term agreement (QLTA) for the provision of services such as cleaning, gardening or lift maintenance. A QLTA is an agreement entered into by the landlord with a contractor for a period of more than 12 months where the amount payable by any one leaseholder exceeds £100 in any one year.
Certain contracts are not included. For instance, contracts of employment.
If consultation is not undertaken the landlord cannot recover more than £100 per year from any individual leaseholder unless the Tribunal has dispensed with the requirement to consult.
You may require the services of a solicitor, a surveyor or a managing agent.
More information you might find useful:
- Application to the First-tier Tribunal (Property Chamber)
- Section 20 Consultation for Private Landlords, Resident Management Companies and their Agents
- Section 20 Consultation for Council and other public sector landlords
- More Frequently Asked Questions on Section 20 Consultation
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers