LMP Law

QUESTION I am thinking about going travelling for a year and letting out my leasehold flat which I have owned for 8 years. Can I do this or are there any particular procedures I need to follow? ... ANSWER Many thanks for your query. Your ability to sublet should be outlined in your lease, there will likely be a clause stating that you are not to part with part of the demised but can part with the whole of the demised, subject to certain conditions being met.

If you know anything about commonhold and leasehold home ownership, you will be aware that The Law Commission has been leading the conversation regarding commonhold being a better alternative to leasehold for many years now. It has recently conducted a “Reinvigorating commonhold” consultation process. However, it has yet to take off, and a lot of people are wondering whether it’s really the better way to go about things.