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Varying lease terms: What you need to know

When varying the terms of the Lease it is not always the Lease Term which will be varied and extended, in some cases the agreed terms of the Lease may need to be changed to move in line with changes to the law or to meet lender requirements.

A variation to allow pets to reside in the Property, a change to rent review provisions, the addition of a mortgagee protection clause to ensure lenders are notified or breaches or a disapplication of the provisions of the Housing Act 1988 provisions where ground rent exceeds £250 (or £1,000 in Greater London) are all examples of situations the Residential Property Team at Michelmores have expertise in and can assist in drafting the relevant Deed.

We understand these issues can often create delays or hurdles to the smooth completion of a property transaction and so our confidence and ability to deal with Deeds of Variation in a timely manner can aid completion of the sale or purchase of your property.

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Gemma Gilbert & the conveyancing team at Michelmores guided us through our property purchase with patience, tenacity and total professionalism. She responded swiftly to all our questions, never left us in the dark and was always approachable. Would not hesitate to recommend her and Michelmores as the go-to team.

Mrs G, Google Review

Thank you to Louise Peters and the whole team at Exeter for all their help in the sale of our house recently. The communication and information given throughout the whole process was brilliant. Complete professionals at the top of their game. Thanks for making the whole process easy and smooth. Looking forward to working with you again when we purchase our next property.

Mr P, Google Review

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