Recently built homes have been left unsaleable, with owners asked to fork out five-figure sums for freeholds. We investigate the latest leasehold scandal
Shared office company Central Working is offering small businesses one-month rolling contracts while uncertainty around the country’s economic situation continues.
The club for start-ups previously offered contracts of three months or more, but is introducing shorter contracts to help clients navigate the intense political turmoil in the UK.
Conventional commercial landlords usually offer leases for between two and five years.
Almost 80% of tenants in the UK want a lease that is between six months and two years, with just one in five tenants wanting longer leases of two to five years, new research has found.
Over half of tenants are hoping to move up the rental ladder and rent a nicer property when they can afford to, according to the study by online letting agent PropertyLetByUs.
It also found that over 60% of tenants would like to redecorate their property and over half of tenants want to change the carpets and floorcoverings a further 23% want to install decking, 18% want to add a hot water tub and 13% want to create a patio.
Property owners in the UK who are leaseholders do not know enough about how the system works and much of this is down to poor advice from conveyancing solicitors, it is claimed.
They have a ‘shocking’ lack of understanding on how leases work, how they can be extended and the consequences of failing to extend a short lease, says research from law firm Bolt Burdon Kemp.
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