There are a number of Deeds of Variation. In essence, this deed will allow the parties to vary the terms of a previous agreement. The most common of these is a deed of variation to a lease. These can include:
- Deed to vary the term of the lease
- Deed to vary the plan to a lease
- Deed to vary rights granted or reserved under a lease
- Deed to vary service charges
- Deed to vary ground rent
A large majority of leases were drawn up a couple of decades ago rendering them out of date. A leaseholder can face a number of issues down the line when they come to sell their title as it does not fully reflect the current arrangement.
Additionally, older leases can discourage buyers from purchasing the leasehold title if the lease is not compliant with recent lenders requirements.
Please contact us today to discuss your requirements, we’re always happy to help.