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THE LEASE

 

The lease governs the ownership and enjoyment of a leaseholder's apartment.


It sets the terms for the leaseholder's use of the property and will include the leaseholder's signature which indicates that this person has agreed to those terms. It also sets the terms for the use of the apartment by someone renting an apartment. See THE RC LIBRARY [4-1 and 4-8].

 

At Riverside Court, there are some variations between the leases of the 97 apartments. These variations are relatively minor but leaseholders should make themselves familiar with their own, unique lease.

 

However, a standard Riverside Court lease can be found in THE RC LIBRARY [4-1].

 

 

 

IMPORTANT NOTE: the regulations in the lease can be changed by the shareholders' elected directors aka the Company's Board. For more on this, read the RULES and REGULATIONS info on this page.

RULES and REGULATIONS

 

The First Schedule of the lease sets out "the regulations" that all residents have to follow, 

 

These regulations are designed to ensure safety, security and happiness amongst people who live close together and share a common front door.

 

The lease gives the Management Company's Board - entirely composed of elected, volunteer leaseholders - power to add to or change these regulations. When this happens, the changes become part of the lease. Today the regulations cover matters such as

  • Using your vehicle, including parking, and your bike (see box below)

  • Doing building work (see THE RC LIBRARY [5-3])

  • Keeping a pet [5-1]

  • Where smoking is allowed or prohibited [5-2].

 

In THE RC LIBRARY you will find the lease [4-1] and a number of documents containing these regulations, including one [4-2] summarising them as amendments to the lease. Contraventions of the regulations are breaches of the lease...

 

but perhaps more importantly, breaking rules agreed co-operatively is neither courteous nor neighbourly.

VEHICLES: YOUR RESPONSIBILITIES including PARKING, BIKES and MOTORBIKES

SUB-LETTING AND SELLING

 

For more, essential, detail on the procedure summarised below,  download Sub-letting and Selling [SSL] from THE RC LIBRARY [4-8] - and refer to other relevant documents which can be accessed from this page.

 

 

When selling or sub-letting, the Company insists that that the procedure set out in the lease must be followed on all occasions. On sale of a flat, the purchaser’s solicitor or conveyancer must supply to the managing agent a certified copy of the transfer document and the other paperwork identified in SSL.

 

The transfer must contain the request for the restriction contained in clause 9(2) of the lease. In the case of sub-lettings, the leaseholder must arrange for the supply of the documents listed in SSL.

 

 

Failure to comply with the above procedure is a breach of the lease and can lead to legal action and serious consequences.

OUR POLICY ON DISABILITY

 

In 2004/5 the Disability Discrimination Act came into force, and the Board committed to "a positive approach to the provision of a service which ensures the inclusion of disabled people". At the time of writing, the Board is reviewing how it can deliver that commitment more effectively.

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