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cityguru, Solicitor
Category: Property Law
Satisfied Customers: 13329
Experience:  solicitor
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What is meant by collapsing a Lease?

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What is meant by collapsing a Lease?
It means the lease ceases to exist. There is a basic principle of law that you cannot contract with yourself. So if you as an individual are the leaseholder and also become the landlord then the lease will cease to exist. It will in effect merge into the freehold title. That is easily avoidable by either buying the freehold in a company name or jointly with your husband.

There reason to keep it separate is that a future buyer may not want to take on the hassle of running the freehold.
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