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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.

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(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

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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


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