All leases contain covenants and obligations for both landlord and tenant.
Breach of Lease
A covenant is a legal promise that you will do or will not do certain things.
There are two types of covenant in relation to property leases:
- Positive Covenant: These include things like, paying service charges, painting every 7 years, keeping the property in good repair etc
- Negative Covenant: These include things like, not to sublet, not cause to cause nuisance, not to have a pet etc
All leases contain covenants and obligations for both landlord and tenant. It is extremely important that both parties understand what restrictions apply when buying a leasehold flat.
Whether you are the landlord or leaseholder we can discuss the remedies available to you for breach of lease.
If you would like to know more please contact our specialist team who can take you through the possible benefits and alternative options available to you.