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How to Cut Out Compulsory Field Lease For Free

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[Music] hello again everyone Im attorney Robert fleshes before you enter into a residential lease agreement as a tenant or if youre a landlord drafting a rental agreement to give to a tenant you really need to watch this video Im going to tell you about seven possible provisions that could be included in the lease that could be illegal rendering the entire lease void which means the lease isnt enforceable and if you find this video helpful please consider subscribing to my channel remember that every state has different landlord tenant laws but the seven contract terms that Im going to discuss in this video are probably illegal in most states the illegal terms that Im discussing do not impose criminal liability on the landlord first lets talk about the form of the lease many landlords download boilerplate leases from the internet in order to avoid paying attorney to prepare a valid and effective residential lease or to pay for a state-approved lease containing enforceable terms

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What happens when ground rent exceeds 250?

If your ground rent is more than 0.1% of the value of a property, or 250, whichever is higher, or if it might increase to this level, you may find it harder to: get a mortgage. remortgage. sell your home.

Is ground rent going to be scrapped?

The abolition of ground rents in residential leases in England and Wales is to come into force from 30 June 2022 under the new Leasehold Reform (Ground Rent) Act 2022. What does the Act do and why? What is a regulated lease and what are the exceptions?

Why do I pay ground rent on a freehold property?

Freehold ground rents are created when a building which resides upon freehold land is sold under a lease. For example, each property in a block of flats which is built on freehold land will have a lease.

Can you change leasehold to freehold?

Leaseholders who own a house can buy the freehold of their house either under the law if they meet certain criteria (formal route), or by asking the freeholder to see whether they are willing to sell the freehold informally (informal route).

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