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.
Waking watch is a fire safety system where suitably trained staff continually patrol the floors and the exterior perimeter of a building to maintain the safety of its occupants from fire. The aim of a waking watch is to ensure there is sufficient warning in the event of a fire to support the evacuation strategy.
A waking watch is required when the presence of dangerous cladding or fire safety issues changes the evacuation policy of a building from stay put to simultaneous evacuation. This change requires fire marshals to patrol the building 24 hours a day looking for signs of fire.
The provision of waking watch has left leaseholders facing average costs of £17,897 per building, which equates to £331 per flat.