A. Yes, you will be issued with a 10 year landlord friendly residential lease.
A. The head lessee is the Home Office of Her Majesty’s Government
A. Your base line rent is guaranteed, there are annual upward only Consumer Price Index increases. Current CPI is 1.9%
A. Rent is paid directly into your bank account every month in arrears.
A. No – You will receive 100% of the rates published.
A. The lessee is responsible for all internal repairs, renewals and upgrades throughout the 10 year term.
A. The lessee will fix or replace the boiler if it becomes faulty.
A. All you need to do is insure and look after the envelope of the property ie roof, gutters and external walls.
A. There are maintenance teams throughout the regions conducting inspections on a fortnightly basis throughout the 10yr lease term.
A. During the term the government contract provider will be working on securing a new contract.
A. The landlord is responsible for buildings insurance and ensuring that the underwriter has been informed of the tenant type.
A. In the unlikely event you need to sell - the lease is assignable, therefore you can sell your property if you need to.
© Copyright Orchardley Group 2024.