Contracting Out of the Landlord & Tenant Act 1954 - A 1 Hour Update
With the shortening of lease terms has come an increased likelihood that landlords will prefer that tenants should not have security of tenure, and certainly many leases are now granted on a contracted-out basis. This is a procedure which it is crucial to get right: it may underpin the property valuation, or it may vitally affect practical plans for the property.
In essence the process is simple, but 14 years after its introduction, many unanswered questions remain.
This webinar identifies the risk areas and a pragmatic approach to them. Contracting out of the Landlord & Tenant Act 1954 was never intended to be a difficult process, and applying common sense to the technicalities shows how it can be kept simple.
What You Will Learn
This webinar will cover the following:
- Dealing with the unrepresented tenant
- The right form of declaration
- Declarations on behalf of the tenant
- Pre-completion amendments to the form of lease
- More complex transaction structures
- Offer-back clauses
- Issues with surrender agreements