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There are a number of circumstances where it may be necessary to alter the terms of a lease. Examples include extending the lease term, allowing alterations to be made to the building (such as adding a satellite dish) or simply amending errors to enable a house sale.
What is Lease Variation?
Lease variation is a process where the lease (a binding legal contract) between the freeholder and leaseholder is varied to change certain terms. In some cases, there are tripartite leases which involve a third party called the manager. Organising lease variation can be difficult as it involves coordination between multiple parties with varying needs.
What is the Purpose of Lease Variation?
Lease Variation is there for individuals who want to contest any part of a lease whether it is in breach of Section 35 of the Landlord and Tenant Act 1985 or is vague on particular details on issues with the property (i.e. security equipment).
Our Lease Variation Service
We are experienced in providing the necessary legal expertise you may need to allow you to vary a lease in the way you wish. Leases are usually varied by mutual agreement but there are some circumstances where we may need to apply to make an application to vary the terms without the freeholders’ consent.
Lease Extension
A lease extension allows party members to extend the terms of a lease or rental agreement. Similar to Lease Variation, each party member must agree to extend the lease, and they must agree on the terms being changed.
What is the Purpose of a Lease Extension?
They commonly happen between landlords and tenants before an agreement expires. When both parties agree they want to extend the lease on a property, this process is smooth and can be done for a fixed fee. However, when complication arise, it can a trickier situation to sort out.
Speedy, Efficient Lease Variation, Extension Services
We aim to complete all transactions as efficiently as possible for the lowest cost to our client. Our standard fees for this work range from £750 to £1,250, depending on the extent of work involved. All fees can be fixed in advance of work starting.
Additional Services
- Right to Buy
- Buy To let
- Re-Mortgage
- Selling
- Other Services
- Equity Release
- Co-Habitation Agreements
- Property Transfer, Acquisition & Disposal
Our Approach
Our approach to lease variation is to avoid conflict between freeholders and leaseholders. We work with stringent professionalism to deliver fast and efficient lease variation services which work for everybody involved. You can expect the very best customer service as our teams are always available to answer your queries and progress lease variation matters quickly.
Our Work
We work to get you into your new home as soon as possible. By taking over the legal aspects of your property purchase, we make the process straightforward. We work hard to keep our clients informed of every detail of their transaction and can provide this information with live text message updates, sent every time something changes.
Our Clients
We can work with any party including the freeholder, the leaseholder or the manager providing advice on the lease variation process. If you think your case will need to go to tribunal, we can support you through this with our lease variation frameworks and processes. If you are thinking of renting out a property, our solicitors look forward to working with you long-term to ensure leases follow the terms you want.
Lease Variation FAQs
A lease is a legal contract between parties which agrees particular terms whilst renting residential or commercial property or even machinery or vehicles and more.They require a lessee to pay the lessor for the use of their property for a certain period of time.
In this case, one party remains skeptical of the changes to the lease it must be taken to tribunal. An application must be made to a First-tier Tribunal (FTT). If this is the case, we suggest getting advice from a solicitor as soon as possible.
If there is a clause in the housing contract, yes, a landlord or manager can vary a lease without agreement from the tenant or freeholder. These clauses, however, have limited significance and are general terms which give the landlord discretion over a wide area. It is important to receive legal advice in these situations as it can tricky to work around for both parties.
You must speak with the other party members who signed the lease. It is important that both parties agree. If they do not agree, it may need to go to tribunal, in which case, it is important to seek legal advice from expert solicitors. A solicitor can set down the terms that you want to change and mediate between both parties to come to an agreement.
