Leasehold Acquisitions and Disposals
Our team of solicitors are specialists at dealing with leasehold acquisitions and disposals.
- Milton Keynes 01908 660966
- Northampton 01604 828282
We act for both landlords and tenants in commercial property transactions on a number of aspects, to include:-
- The grant of new Leases
- Licence for Alterations
- Rent Deposit Deeds
- Assignments of existing Leases
- The grant of Underleases or Subleases
- Authorised Guarantee Agreements
- Licences to Assign or Underlet
- Negotiating the early termination of a Lease
- Rent Reviews
- Break Notices and advice on yielding up provisions and dilapidations
- Serving Landlord and Tenant Act Notices to end a Lease or to request a new Lease
Warning: Attempt to read property "post_title" on null in /var/www/vhosts/franklins-sols.co.uk/httpdocs/wp-content/themes/franklins/functions.php on line 251
Warning: Attempt to read property "post_title" on null in /var/www/vhosts/franklins-sols.co.uk/httpdocs/wp-content/themes/franklins/functions.php on line 251
Whatever the transaction, Franklins will undertake a full review of the title and any ancillary documentation or matters, working alongside the client’s Letting Agent, Surveyor, Architect and Accountants to provide a complete service from instruction to completion.
Frequently Asked Questions about Leasehold Acquisitions and Disposals
What are leasehold acqusitions and disposals?
The process of acquiring and disposing of leasehold agreements, which usually includes the granting of new leases, rent deposit deeds, granting underleases or subleases and much more.
What's the difference between freehold and leasehold?
A freehold property gives you ownership of both the property and the land the property is built on. A leasehold gives you ownership of the property but not the land the property is built on.
What is a leasehold disposal?
A leasehold disposal is the process whereby a leaseholder can exit a lease agreement, usually by transferring the lease agreement to another party, under the same terms as the original agreement.
Can a landlord refuse to sell freehold?
No, under Freehold Enfranchisement a leaseholder can force a freeholder to sell their interest. By law, a tenant or leaseholder has the first refusal to purchase the freehold of a property should the owner of the freehold decide to sell. If the leaseholder does not take up the option to buy the freehold, it can be sold to a third party.
Do you need a freeholder's permission to sell?
Yes, under License to Assign, a leaseholder must have the permission from the freeholder to sell their property.
How do I transfer my lease to someone else?
To transfer a lease you must arrange a Lease Assignment. This is a formal legal process that transfers a leasehold from one party to another, with the agreement of the landlord.
Contact the Franklins Commercial Property team
If you have any questions about leasehold acquisitions and disposals, please don’t hesitate to contact our team of experts who are on hand and ready to help you.
