This has led to a specific legal scheme known as a Tyneside Flat Lease Scheme, criss-cross or crossover lease arrangement.
Traditionally, under the Tyneside Flat Lease Scheme each flat tenant is the landlord of the other.
Only when that deed of covenant has been executed and the relevant fee and costs paid will the management company or landlord consent to the sale and the transfer of the flat lease
can be registered.
When JLS got through, she asked her dad if Aston could move in with them when his flat lease
No flat lease
can be forfeited if the amount owing in relation to the service charge is pounds 350 or less, unless it's outstanding for three years.
There is no standard form of flat lease
and the terms on which flats are sold differ in each development, depending on which solicitors prepare the documents and the age of the lease.
It is quite possible that your flat lease
prohibits any underletting, although commonly the lease provisions allow for underletting with the consent of the landlord.
Many flat leases
contain a restriction which is set out on the individual titles to the properties, which prevent the flat being transferred without the consent of a management company.
usually include provisions which stipulate that the tenants should not make such a noise as to cause disturbance to other occupiers.
It is beneficial for flat leases
to allow the landlord or the management company to build up a sinking fund.