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 Fund (BSF) protects leaseholders from the costs of addressing life-safety fire risks, associated with cladding on high-rise residential buildings, where the building owner or developer cannot afford to do so.
An application to the BSF can be made by the organisation that has the legal obligation or right to carry out remediation work on their building (responsible entity). They may be the building’s: freeholder, head leaseholder, a management company, Right To Manage (RTM) company or social housing provider.
The BSF is part of the Department of Levelling Up, Housing and Communities’ wider Building Safety Programme which aims to ensure that residents of high-rise buildings are safe and feel safe in their homes, both now and in the future.
The BSF was opened for applications in 2020 and opened again for new applications on 28 July 2022 for eligible buildings without a funding solution in place.
More information you might find useful:
- What should I know about the Building Safety Fund, opened in 2022?
- Who applies to the Building Safety Fund?
- How can I find out what happened to the Building Safety Fund application made for my building in 2020?
- 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.