Larger scale works such as a rear extension, loft or basement conversion will almost certainly require Landlord’s consent and may also have to involve further investigations from a development valuation perspective, if consent can be withheld and a premium payable. The following are further examples of works that are likely to require Landlord’s consent:
Typically requested information would be architectural and engineering drawings, engineering calculations, insurance documents, health & safety and Construction (Design and Management) Regulations 2015 (CDM). The list of required information will vary from case to case, but will usually be much less onerous than for works on commercial premises.
One interesting query that is often raised is “do I need a party wall award with my freeholder?” Whilst a freeholder can insist on a notice and resulting award, the LTA that is produced for the freeholder will cover many of the same items and possibly go into a touch more detail. It should also be pointed out that when compared with a commercial LTA, a residential one can often be relatively simple, and the number of hours involvement from solicitors and surveyors kept to a minimum.
Leasehold properties: What you need to know before you purchase Written By Matthew Price of Peter Barry Surveyors & Matthew Barrett of Thirsk Winton LLP There are many things to consider when deciding whether to purchase leasehold property. Such properties are, by necessity, burdened by greater legal and valuation ... Read More >>
Despite evidence of falling values in some areas on London, house prices in the capital remain amongst the most expensive in the world. If Stamp Duty is factored in, £20,000 would be payable on a £600,000 zone 4 mid-terraced 3 bedroom house, it is no surprise that many people choose to extend their property rather than move. ... Read More >>
In recent months we have, on more than one occasion, been asked to undertake reviews of valuations undertaken by other valuers following concerns raised by the clients as to their accuracy. In these circumstances it’s not unusual to find that the valuation under scrutiny leaves something to be desired. It is also not unusual ... Read More >>