Ask a Law Question, Get an Answer ASAP!
Hello my name is ***** ***** I will help you with this.
What type of lease/agreement do you have please?
Ok - does it have a right to renew?
Hello Alex,It is just a very basic piece of paper that we signed and yes we renew it each year and have owned the chalet since 2010 and there are people on the site who have been there 30 years or more. It is an obvious concern for the couple who are really intersested in buying the chalet and without any reassurance they will pull out.
Indeed. But does it say there is a right to renew in the agreement?
Apologies as was just finding the paperwork! "The Licensed period" from the 1st April 2009 to the 31st march 2010 and thereafter from year to year until determined as hereinafter provided.
Thank you. In that the agreement continues annually until it is cancelled.
However you have clarified that this is a licence.
This means you only ever have 12 months licence.
The agreement can be cancelled and not renewed at any time
This means that as a licence you have no security
So it makes no difference whether the land is being sold or not. It can be terminated at the end of the year regardless of who owns the land
Therefore you only ever have 12 months security in any event.
So it really makes no difference, the current owner could say he is not renewing.
You have an agreement for 12 months and that is it
I am sorry if this is not the answer you want and certainly not the one I want to give you, but I have a duty to be honest
Can I clarify anything for you about this today please?
What would happen to the chalet that we own on that site should he ever decide to sell the land? Would he have to pay us the market value of the chalet?
It depends on what is in the agreement.
Generally no, because you only have a licence to occupy that land, nothing else
Thank you for your help and yes you are right it wasn't what I wanted to hear but at least we now know.
I am sorry. Does this answer the question for you today?
Yes thank you Alex
If this answers your question could I invite you rate my answer before you leave today.
If the system won’t let you please click reply.
Please bookmark my profile if you wish for future help: http://www.justanswer.co.uk/law/expert-alexwatts/