Varying leases is never an easy option and managing agents who have tried on behalf of clients usually advise extreme caution before proceeding. That said there are cases where defective leases make good management impossible.
It is not the role of a managing agent to push through a lease variation. The instructions of the client are required. A managing agent can advise and may agree to take on some of the work involved for an additional fee.
Covering Topics
Overview
Voluntary Variations
Statutory Variation by Application to The FTT
Variation of an Individual Lease
Consequential Application In Relation to other Leases
Variation at Request of Majority
The Role of The FTT
Compensation
Insurance Provisions and Leases of Houses
Variation of Administration Charges In Leases
Some Precedent Cases about Lease Variation
Other Uses of Lease Variation
Resource
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