Practical information

Letting your apartment

Under the terms of the underlease, leaseholders are allowed to underlet their apartments by way of an Assured Shorthold Tenancy agreement (AST).

Please refer to section 11 of your lease for information on underletting your apartment. In summary, the letting period must be for a minimum term of six-months, and for underlettings exceeding three years a direct covenant with the landlord is required prior to granting the underletting (para. 11.7).

Leaseholders must register the underletting/sub-tenancy with CREM (the landlord) within 28 days (para. 12). CREM will require the original or a certified copy of the AST, and will demand an administration fee (currently £95 + VAT) to register the underletting. CREM can be contacted at crem@yianis.com.

For an underletting of more than three years a Deed of Covenant with the landlord is required. The Landlord’s fee for this is currently £100 + VAT. In addition, registration of the underletting within 28 days is also required, the fee for which is £95 + VAT.

Leaseholders must also notify the managing agent, Parkgate Aspen, of the sub-tenancy to ensure estate staff are aware of the names and contact details of the tenants. Please email Jonny Weisrose:

Please note: a car parking space, if assigned to an apartment, cannot be separately let.

[As part of the original S24 application to the FTT leaseholders asked that responsibility for registering sub-lets (together with lease assignments, granting consents and issuing sales packs) be placed with the Tribunal-appointed manager. HML’s fee for registering tenancies would be £40 + VAT. The FTT initially determined that it should be the S24 manager’s responsibility. CREM appealed this decision. Regrettably Judge Vance reversed the previous FTT decision, deeming such matters to pertain to a landlord’s“proprietary right”. The leaseholders did not have the financial resources required to appeal this decision at the Upper Tribunal and were forced to accept the ruling.]