What to include in creating a new lease to allow short lets

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    What to include in creating a new lease to allow short lets

    I was a sole freeholder over two flats in a terraced house . I sold half of the freehold to the flat above which is subject to a 1987 lease, albeit rather old-fashioned . After the freehold sale had been completed the solicitor (only one was used as I thought a simple conveyancing task) pointed out he had always intended to create me a lease. Time has past and we are finally getting around to this. The owner of the flat above is keen to place a restriction on how I let my flat not allowing any short lets like Air BNB. I am keen obviously to keep available all ways in which I might choose to rent out my flat out my flat within standard UK law. I most likely will have cleared the mortgage by this point so will not have a lender’s concerns to deal with although there is currently a buy to let mortgage in place. Does anyone have any experience of clauses in leases restricting how you can let a buy to let flat? Thanks
    Last edited by Poppy868; 25-01-2022, 08:36 AM. Reason: Edited because of errant apostrophe!

    #2
    Yet another incompetent solicitor ( if what you say is accurate) and a right mess as you can't grant a lease to yourself .
    why would you want to restrict your rights and downvalue your asset anyway ?

    Comment


      #3
      I'd talk this through with a different solicitor. You appear to have been let down.

      Comment

      Latest Activity

      Collapse

      • Reply to Neighbour Dispute over Bins
        by royw
        Can't you leave them on the road for collection?
        18-05-2022, 08:43 AM
      • Neighbour Dispute over Bins
        by Tony-Edwards
        Hello

        I could do with some guidance if anyone has any knowledge on this.

        I have a 100 year old flat that was split from a larger building in 2000 and has a 999 year lease, it is next door to a commercial premises.

        The only way to get to my flat is across their...
        17-05-2022, 14:40 PM
      • Reply to Recurrent leaks from flat upstairs
        by JK0
        Do you have insurance for the contents? Maybe there is loss of rent cover included there.
        18-05-2022, 06:11 AM
      • Recurrent leaks from flat upstairs
        by Ldawg
        The flat I rent out has suffered from recurrent leaks from upstairs since I purchased it, 4 leaks in 4 years. It's caused me to lose one tenant already. I feel like there is no incentive for the owner upstairs to sort the problem (check the plumbing etc) as the cost is always covered by insurance and...
        24-01-2022, 19:48 PM
      • Reply to RTM director service charge arrears
        by fos333
        This is the important question, what are the reasons for non payment?

        Have demands been correctly served including the correct summaries of rights and obligations?

        Are the landlord obligations under the lease being carried out?

        Have service charge end of year accounts...
        17-05-2022, 21:48 PM
      • RTM director service charge arrears
        by ARG
        Hello, I am new here so please excuse me if this question has already been asked, but a search has drawn a blank.

        I am a director of an RTM of a property with 25 flats. I would be very grateful if anyone here can advise whether a resident who is more than six months in arrears with his...
        17-05-2022, 15:38 PM
      • Reply to Neighbour Dispute over Bins
        by vmart
        Is there a restrictive covenant in the title of the commercial-property owner (CPO) giving you and the other lessee a right of way over the land?

        Is the CPO a freeholder or leaseholder of the land?

        With regard to the point related to '20 years' you are referring to adverse...
        17-05-2022, 21:06 PM
      • Reply to RTM director service charge arrears
        by vmart
        The RTM can make a money claim online but as this enquiry concerns service charges the lessee will have the right to have the service charges determined unless already agreed. Depending upon the lessee's response to the claim, the County Court may refer the claim to the FTT.

        What are the...
        17-05-2022, 20:54 PM
      • Reply to Recurrent leaks from flat upstairs
        by Ldawg
        Thanks for your response.

        All costs are being covered by the management company. So currently I'm not actually losing out so I'm not really sure what I'm claiming for! More just the stress of it all. And the potential loss of earning and making unrentable/saleable as you say. Yes the floor...
        17-05-2022, 20:22 PM
      • Reply to Lease Extension - Relativity
        by comm1985
        I for one would appreciate a more stable approach in deriving the premium...

        In this instance what would

        1. The sensible premium be?

        A)£32000 (based on the value the actual short lease was just sold for i.e Relativity 65%)
        or
        B)£20,000 (based on graph...
        17-05-2022, 20:19 PM
      Working...
      X