When does a change in the lease become effective ?

[ram]

As can happen, certain things in a lease that was written years ago, does not reflect current conditions / needs.

If the Directors and all leaseholders agree to change something in the lease ( all above board, to make life easier / clarify things, without removing anyones rights. )

When does it come into effect ? Legaly.

1)When the Directors say so, ( Saying we agreed at a meeting, so let it be so )

2) or when the lease is changed legaly ( going through the LVT / FTT ) and a Deed of variation is ISSUED, and in the hands of all the leaseholders.

I would assume number 2.

[leaseholdanswers]

In general terms yes under 2. It does depend on how complex the variations are as to whether a DoV is adequate, and if in fact a surrender and regrant is better.