Level 2- Lease Renewal Flashcards
1
Q
Why would you require an inspection for a lease renewal?
A
To check the condition of the unit and ensure L&T repairing obligations aren’t breached.
2
Q
Please can you name different types of damp
A
Wet rot, dry rot, rising damp, leaking AC, condensation
3
Q
What was the rent psf in Chiswick?
A
£120-£150 ZA
Client agreed new 10 yr lease at £125 ZA / £285k per annum
4
Q
If a tenant did breach a repair clause, what may happen?
A
At the end of a tenancy, a schedule of dilapidations could be undertaken and tenant would have to pay costs
