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 Consumer Rights Act 2015 defines a consumer contract as one between a trader and a consumer.
Part 1 of the Act applies to most, but not all, kinds of consumer contracts. Part 2 of the Act applies to all consumer contracts whether written or not.
The Act includes a provision which, in certain circumstances, applies Part 2 of the Act to terms in a ‘secondary’ contract – a separate contract which has an effect on the rights and obligations of the consumer and trader under the main contract – even if it does not in itself meet the criteria of a consumer contract. This is for anti-evasion purposes.
More information you might find useful:
- Who is the CMA?
- What is the CMA doing about residential leasehold property?
- Will leaseholders who have been mis-sold property be able to provide evidence to the CMA for its investigation into the leasehold market?
- What happens when the CMA has finished its investigation into the leasehold market?
- What is an unfair term?
- What happens when contractual terms are unfair?
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers.