i am a freeholder and need to make a licence for alteration for a residential leaseholder. does the licence have to be for the same term as the original lease which is 99 years OR can the licence expire on different terms to the original lease.
For example can the licence term be 10 years licence duration then expires
and or expires to the third successor of licence?
In short can the licence be deemed to expire by which ever of these two events is first
i would also like to charge premium for licence?
Hello and thanks for using Just Answer.
I am Al and am happy to assist you with your enquiry.
If you are granting the Tenant permission to alter their property, then the Licence is your consent for this to happen and is not restricted in time. Hence the Licence will just just set out that you grant consent for the alterations mentioned therein.
As regards ***** ***** premium, you will need to check the Lease, to see if any charge can be made.
I hope this assists, but please let me know if you need any clarification.
So is it not possible to grant a licence for say 10 years only, after which it will expire? (Even though original lease is 99 years unexpired)