![]() ![]() Your lease will usually have a description of the as well as any other areas such as a basement. If you are buying a flat make sure your solicitor explains this to you. It is very important that you understand who the parties to your lease are. This could be a management company made up of the leaseholders in the building. The parties to a lease will usually be you and the landlord, but can also include a management company. However, your solicitor will have registered you with the Land Registry as the lease owner. If you have bought the lease from someone else and are not the first leaseholder, it won’t be your name that appears in the lease. Your lease will usually show the names of the original parties to the lease on the first page. ‘Parties’ to the lease means the people or companies involved in the contract. ![]() Please remember that not all leases are the same and this guide contains examples of common lease terms. Which area of your lease would you like to learn more about?Ĭlick on the links below for guidance on various parts of your lease. Before buying a leasehold property, you should make sure you understand the main clauses of your lease. Usually the Land Registry will also keep a copy. If you do not have a copy of your lease you may be able to get one from your solicitor or mortgage lender. The RTM company will then need to give the landlord notice that you have applied for permission. If you need the landlord’s permission under the lease, for example, to carry out alterations, sublet or keep pets, you should ask the RTM company for this permission. If the leaseholders have exercised their right to manage, a right-to-manage company (RTM company) will be responsible for managing the building. Right-to-manage company: The right to manage is a way for leaseholders of a building to take over managing that building. A ‘head leaseholder’ will be the leaseholder with the longest lease, who has leased your flat to you and who pays ground rent to the freeholder. Landlord: Typically, this is the freeholder but there are situations where your immediate landlord is the ‘head leaseholder’, not the freeholder. If you are in any doubt about your rights and responsibilities, you should get advice from a solicitor who specialises in this area of the law. This leaflet is not meant to describe or give a full interpretation of the law, as only the courts can do that. If you are buying a flat, this guide should help you understand the lease you are buying and help you avoid many of the problems leaseholders ask us about. If you have taken the Understanding your lease quiz, you may have found there are parts of your lease you’d like to understand better. Offer discounts to repeat customers, and send out postcards regularly to remind them that you appreciate their business.This guide explains the most common terms of a flat lease. Also offer to fix any problems with your work at no extra charge. Do this by following up with a phone call to see if a customer was satisfied with your work. If you have a reliable vehicle, you can offer a pickup and delivery service. This can improve the clothing store's service while providing you with new customers. Offer clothing stores your alteration services their customers might need custom hemming and fitting. Post flyers on bulletin boards at laundromats. Visit local laundry services and dry cleaners and offer to give them 10 percent of every order that comes through a referral from them. Market your company by partnering with other businesses. Sewing and alterations businesses tend to be very local, meaning that customers won't travel great distances for your services. If your home is isolated from populous areas, consider opening a shop closer to potential customers. You can start from home if you want to save on overhead, but you must be sure you are surrounded by enough businesses and homes to supply you with a steady supply of customers. ![]()
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