Subletting fees likely to be outlawed

by Mark Alexander

14:04 PM, 29th September 2014
About 4 years ago

Subletting fees likely to be outlawed

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Subletting fees likely to be outlawed

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. Subletting fees likely to be outlawed

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.



Comments

Mohammed Karimuddin

10:25 AM, 30th September 2014
About 4 years ago

Its a good news for the long lease holders who have heavily invested in the UK and every time they intend to sublet their property they have to apply for a licence to sublet which cost around a £1000.00 . Service charges are on top of this licence fee.


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