This is a specialist field of law and needs a specialist lawyer!
If for example you are considering converting a property into flats you will need to create Long Leases containing the varied rights and obligations between landlord and tenant, tailored to your specific requirements. The land registry are now very particular on what plans they will accept accompanying the Lease – we can help you every step of the way.
Do you want to retain the freehold? Do you want to set up a management company? How do I obtain mortgages for each flat? Will I be selling each flat or letting them?
If you wish to let these – or any other – flats that you own it is imperative you enter into a properly prepared Tenancy Agreement with the tenant. If an agreement is set up incorrectly, or if you have not been advised on such matters as tenancy deposit schemes and notice provisions, you could find yourself with an awkward tenant or worse one that is impossible to evict or who successfully makes a financial claim against you.
For all your Lease and Tenancy queries contact us on 01752 665037.
If you would like us to call you back please enter your details and one of our Solicitors will be in contact as soon as possible.