It’s all about the lease


A lease underpins everything that we do in property management.

It guides, shapes and determines the way in which parties behave and how developments are managed.

A well written lease will set out a raft of obligations which the parties have to adhere to.

Typical leaseholder covenants include:

  • to pay ground rent and service charge
  • not to sublet the flat (or to obtain consent)
  • to keep the flat in a good state of repair
  • not to carry out any alterations to the flat (or to obtain consent first)
  • not to cause a nuisance to other occupiers
  • to use the flat as a private residence only
  • not to keep pets (or to get consent first)

Landlords (and management companies) will also have obligations.  Those might be to:

  • maintain and repair the structure of the building and its common parts
  • insure the development
  • decorate the common parts
  • keep the car park in repair
  • clean the windows
  • employ professionals (including managing agents) to help perform those management functions

These are just some examples. It’s important to look closely at the lease to see who’s obliged to do what.

One size doesn’t fit all

Leases come in lots of different forms, and lots of different shapes and sizes.  Although there’s plenty of common clauses that appear in most leases, they’re often found in different parts of the lease.  And they are probably written in different ways.

That’s why it’s so important to fully understand what a lease says, and what the implications are.  How else will you know whether it’s being complied with or not?

Our lease review service can help guide you through and explain those trickiest of terms.

Don’t be afraid to vary it!

If your lease is inadequate, or doesn’t make satisfactory provision for something it should, then perhaps it’s time to consider varying it.  Our team of experts are on hand to guide you through the process.

To find out more, get in touch.