Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 3 weeks ago 35
The Leasehold Knowledge Partnership “LKP” recently reported that the Law Commission is going to examine subletting fees charged by freeholders and their managers and speculation is rife that they will be outlawed for good. LKP have advised anyone selling or renting out a flat should keep all documentation with a view to making a claim in two and half years time.
LKP claim to be deluged with enquiries about subletting fees, often where freeholders and their managing agents are plucking figures from the air for a sublet consent.
The tribunals have dealt with countless cases, but there is no binding decision on what would be a fair sublet consent. Most freeholders have to give consent to a sublet, usually followed by the word “such consent not to be unreasonably withheld”.
A recent statement from the Law Commission can be found here
Thank you to Property118 member Karen Peel for bringing this to my attention.
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