Property Management - Tenant Applications Flashcards
What do you do if a tenant is seeking permission to carry out alterations to their unit?
- Check the lease provisions to check if alterations are permitted
- If yes - Ask for details from the tenant to confirm if landlord approval is required
- If so – check if building surveying review is required
- Agree fees with tenant
- If works are approved by the LL then ask the solicitors to document via a licence for works
What would happen to the alterations at lease expiry?
Usually the tenant would be required to reinstate to original state, unless classed as an improvement
When might it be reasonable for a landlord to refuse consent for a licence for alteration?
If the works caused a diminution in value, if the tenant had previously failed repair covenant, if the lease prohibited
RICS Guidance - Alterations
- RICS Licence for Alterations Guidance Note 2013
- Sets out advice to surveyors dealing with applications to make alterations to offices and industrial
- States the importance of dealing with the matter without unnecessary delay and ensuring the licence is completed to protect both parties
What is a wayleave agreement?
An agreement under which a property owner gives a service provider (for example, an electricity or telephone services provider or an electronic communications operator) a right to install a pipe or cable passing through or over the owner’s property.
Provide an example of you agreeing a Wayleave Agreement
- Tenant or their provider will make a request to install a new line
- Pack detail route of cables and any other information will be sent through and reviewed
- If the route is suitable, fees will be agreed with the tenant, this will include solicitors fees
- Once agreed, pack will be sent on to solicitors to document
- Once the wayleave agreement is signed, works will take place
- The tenant is responsible to ensure council permission is requested if required
