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LEASE The Lease may be a complicated document, but its fundamental role is as a contract whereby one party (the landlord / freeholder) grants to the other party (the tenant / leaseholder) the exclusive right to possess one or more pieces of land and parts of a building for a fixed term of years in return for rent. The Lease will also normally define the demise of the premises, the repairing liabilities of the freeholder and leaseholder, the service charge payable (if any), insuring responsibilities, and the rules and regulations of the development. There is no such thing as a standard Lease as Leases vary greatly from one development to another. We understand the content of Leases and will familiarise ourselves with the content of the Lease to enable us to manage each individual development within the boundaries of the Lease and current legislation. |
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