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.
Budget day has been announced for March 11. Will the Chancellor go ahead with the 3 percent surcharge on non-resident properties? Will he realise the Prime Minister's pledge of removing the stamp duty (SDLT) burden from buyers of properties below £500,000? What about the possible cut in the current 10% paid between £925,000 ... Read More >>
The recently published RICS Residential Market Survey has found that the Conservative's December election victory is now translating into positive effects. In its report, 17% of RICS members reported rises as opposed to falls in buyer enquiries. In addition to this, 31% of members expected transactions to rise over the next ... Read More >>
Selling your house typically involves placing it on the open market with an Estate Agent where there are thousands of potential buyers. But what if you are not offering your property up to all these buyers? What if you are selling privately to another individual, perhaps even someone you who or a family member. Estate Agent or ... Read More >>