Do we have to pay for the creation of a new lease on our Library?

Tracy Hi wrote...

Do we have to pay for the creation of a new lease on our Library?

Topic(s):

We are taking over the lease on our library building from the County council and the landlord is writing a new lease for us.

I was surprised to find out we had to foot the bill for this service (£1,000).

Is this normal? Is there anywhere we can turn to for help with reducing this bill?

Thanks

Your answers

Annemarie Naylor wrote...

Hi Tracy

I'm afraid, oftentimes, a community organisation is asked to cover its own legal costs in relation to property transactions. However, this will depend upon the specific circumstances, and our staff team can advise and/or take a look at draft lease agreements and highlight any concerns - simply visit http://www.mycommunityrights.org.uk/ or telephone 0845 3454564

Alternatively, you might want to consider applying for grant monies from The Social Investment Business (subject to the timescales involved) - http://www.sibgroup.org.uk/communityrights/ - to help with associated costs.

Please keep in touch and let us know if we can offer further assistance -
Annemarie

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Tracy Hi wrote...

Really grateful for the call from the Ethical Property Organisation - seems we shouldn't have to pay this cost, now need to convince the landlord!!

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