Do you have less than two years to run on your lease? Whose consents do you need if you are a sub-tenant, to renew? What do you need to do if you are going to renew? Are you completely sure that you are secure under the ‘54 Act?
Are you thinking of carrying out alterations to your leasehold property? Do you believe the works to be so trivial that you can do them on your own accord? Well this is the school of thought that has resulted in numerous leaseholders experiencing severe problems in the long run.
The majority of property transactions complete without complications. However, completions can go wrong. Your mortgage monies may not arrive on time. Your new house keys may not be easily accessible on completion. Tenants may not leave the property, rubbish may be left on the property.