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Panel Solicitors for all major Mortgage Lenders:
RBS
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Nationwide
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Conveyancing Services

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Freehold or Leasehold Conveyancing



Please telephone 0161 866 8999 for additional information

Commercial  Property  Leases:    Freehold  -  Leasehold  -  Commonhold   by Ford Banks Irwin Solicitors - The Property Lawyers in Manchester

Please note: Not to be used or relied upon without legal advice. These notes are for illustrative purposes ONLY

Freehold  -  Leasehold  -  Commonhold

Clients often say they own a Property.  Property Law Solicitors and Lawyers need to ascertain how the ownership of the Property exists in Law.  There are three forms of ownership.  Section 1 of the Law of Property Act 1925 provides two ways a client can say to his Solicitor that he owns a Property.  Firstly,  where the client has an estate in fee simple absolute in possession (more frequently described as freeholder).  Secondly, a term of years absolute (more frequently described as Leaseholder).  Thirdly, a commonhold interest was created by the Commonhold and Leasehold Reform Act 2002 (this is not widely used at present).  Freehold is the most secure form of ownership.


Landlord  -  Tenant  -  Licensee  -  Trespasser

Commercial Property Solicitors and Lawyers need to be able to define the interest in Property relative to those of other people.  Whilst the clients interest is generally as freeholder or leaseholder an occupier can also be defines as a Tenant,  Licensee or Trespasser.


Tenant:

To establish a Landlord and Tenant relationship the following points need to be considered:
(i) Is there a valid legal Landlord and Tenant?
(ii) Does the Tenant have exclusive possession of the Property?
(iii) Is the Property clearly identifiable ?
(iv) Is the tenancy for a definite period ?
(v) the Landlord must be entitled to the Property at the end of the Term.


Licensee:

A Licensee is simply an occupier who has permission to use the Property.  A Licence can be created in writing or verbally.  It is important to consult with your Solicitor before granting a Licence to ensure you fully understand the rights and obligations associated with a Licence.


Trespasser:

An occupier who does not have any permissions such as a squatter.


All occupiers of a Property can be described as a Freeholder, Leaseholder, Tenant, Licensee or Trespasser.  Ford Banks Irwin Solicitors will assist with defining the occupier and establishing all the rights and obligations associated with each category. 



      

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