In some instances it may be appropriate to create a Deed of Variation to a lease for either or both parties so as to rectify the identified flaws in its drafting, where circumstances change or as part of an agreed remedy to a Breach of Covenant.
With current attention on leasehold reform, it is becoming more common for one or more of the parties to a lease to be seeking an amendment to the terms of an existing lease. This is particularly prevalent at present with regard to what some parties consider to be onerous ground rent provisions. We have acted for a number of clients in respect of amending ground rent provisions on largescale developments and portfolios.
A lease variation may be made by agreement between parties or by application to the First Tier Tribunal; JB Leitch Real Estate Limited can advise you in either case and carry out the whole process from start to finish.