Reporting to Clients on the Provisions of a Flat Lease & Highlighting Red Flags

Introduction

Flats let on long leases present a range of risks and responsibilities for conveyancers involved in the purchase of leasehold flats.

There is also a range of risks associated with the ‘terms and conditions’ of flat leases, especially as there is typically no one-size-fits-all template which is used for every apartment sold.

This virtual classroom seminar is aimed at conveyancers involved in the purchase of leasehold flats.

The key objective is to help you understand the major elements of a flat lease and their implications, and to thereby enable you to advise your buyer clients on the issues raised by the deed. The course also includes real-life examples of problematic lease provisions and scenarios where relevant lease provisions were not followed.

What You Will Learn

This live and interactive course will cover the following:

• Whether the premises are accurately defined
• Are the extent of the common parts and structure clearly described?
• The rights granted to the leaseholder
• The pitfalls of a lease that contains an onerous ground rent
• The assured tenancy trap
• The adequacy of the arrangements for providing services, such as maintenance, repair, insurance
• Limits on the right to sublet the premises
• Restrictions on the tenant’s right to make alterations to the flat
• What the lease has to say about keeping pets
• Are there any patent flaws in the service charge provisions?
• New rules for annual accounts
• Whether the estate is being managed in accordance with the lease
• Is it possible to cure a defect in the lease?
• The implications of any mutual enforcement covenant or letting scheme

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.