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.
The Building Safety Act 2022 created legal protections for leaseholders from historical building safety costs. The Act protects qualifying leaseholders from all costs relating to the remediation of unsafe cladding systems and contains robust protections from non-cladding remediation costs.
To ensure that those who are liable to pay under leaseholder protections actually do so, the Act includes what are called anti-avoidance and enforcement provisions. These include Remediation Orders and Remediation Contribution Orders. You can find out more in the guide Making sure remediation work is done.
More information you might find useful:
- Do I have to pay for the remediation works on my building (over 18m)?
- What is a “qualifying leaseholder” for leaseholder protections?
- What are the leaseholder protections in the Building Safety Act 2022?
- More Frequently Asked Questions on Fire safety
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers.