The more complex the development, the greater the chance of a complex structure of leases. Anyone managing a property should understand fully how each component in the structure interrelates with the others; otherwise their own duties will not be clear. A newly appointed manager should make understanding the lease structure at a development a priority.
Synopsis
A large number of freehold properties are divided not just into freehold and leasehold titles, but a complex hierarchy of head-leases and under-leases.
This is especially so with mixed use developments covering commercial and residential units.
The structures are often understood, but not necessarily how each of the elements interrelates.
Covering Topics
- Overview
- The Freehold
- Head-Leases
- Under-Leases
- Sub-Tenancies
- S20 Consultation Requirements And Head Leases
- Forfeiture & Relief From Forfeiture
- Common Parts Leases
- Enfranchisement And Structures Of Titles
- Right To Manage And Structures Of Titles
- Conclusion
- Further Information
