United Kingdom Encyclopedia of Law     Wiki Legal Encyclopedia (BETA)
What do you need to know about law? Search in more than 1.500.000 entries

Building Lease in United Kingdom

Definition of Building Lease

In accordance with the work A Dictionary of Law, this is a description of Building Lease : A lease under which the tenant covenants to erect specified buildings on the land. Sometimes the lease only begins when the buildings have been erected. At the end of the lease the buildings generally become the property of the landlord. It used to be common for residential property to be built under a building lease, usually for 99 years, under which the landlord would let to a builder at a rent that ignored the value of the buildings (*ground rent), and the builder would sell the lease to a tenant. Under a lease of this kind, the tenant may acquire a statutory right to purchase the freehold under the Leasehold Reform Act 1967.

This is an advance summary of a forthcoming entry in the Encyclopedia of Law. Please check back later for the full entry.



Law is our Passion


This entry about Building Lease has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Building Lease entry and the Encyclopedia of Law are in each case credited as the source of the Building Lease entry. Please note this CC BY licence applies to some textual content of Building Lease, and that some images and other textual or non-textual elements may be covered by special copyright arrangements. For guidance on citing Building Lease (giving attribution as required by the CC BY licence), please see below our recommendation of "Cite this Entry".

Cite this entry

Legal Citations Generator

(2015, 05). Building Lease lawi.org.uk Retrieved 09, 2021, from https://lawi.org.uk/building-lease/

05 2015. 09 2021 <https://lawi.org.uk/building-lease/>

"Building Lease" lawi.org.uk. lawi.org.uk, 05 2015. Web. 09 2021. <https://lawi.org.uk/building-lease/>

"Building Lease" lawi.org.uk. 05, 2015. Accesed 09 2021. https://lawi.org.uk/building-lease/

Agostino Von Hassell, 'Building Lease' (lawi.org.uk 2015) <https://lawi.org.uk/building-lease/> accesed 2021 September 22

Usage Metrics

567 Views. 453 Visitors.

Google Scholar: Search for Building Lease Related Content

 

Schema Summary

  • Article Name: Building Lease
  • Author: Agostino Von Hassell
  • Description: Definition of Building Lease In accordance with the work A Dictionary of Law, this is a description of Building Lease : A [...]

This entry was last updated: May 10, 2015

BU



Recent Comments