• Deed Of Variation

    By Guest on 21st Feb 2015

    Can a landlord in a new deed of variation ask to 1. borrow funds if necessary to comply with covenents and claim back principal and interest from the service charge? 2. Ask to charge whatever fee is "reasonable" when there is a change of ownership without stating an amount or a cap?
    This relates to a lease extension on a flat where the term is being extended.
    Thank you.

  • 1 Answers

    By Guest on 23/02/2015

    Basically yes to both. If you are not satisfied with the proposed terms however that provided you have a statutory entitlement to have the lease extended you can challenge them via the Leasehold Valuation Tribunal. The terms you mention are not inconsistent with modern residential leases but the landlord might not be able to impose them as a condition of extending the lease where you have a statutory entitlement to an extension.

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