Frequently Asked Questions:
Selling your property
New leases are normally for 125 years, calculated from a date shortly before the first sale is anticipated. For older properties the remaining term on the lease will depend on the age of the property and the original term of the lease.
Your lease/deeds will control this but generally sublettings are only permissible to a person qualifying within the age restrictions.
The lease/deeds may provide for a charge to be made in the event of subletting. Residents should contact Peverel Retirement prior to subletting to obtain details of the regulations that apply and the level of charge required.
Generally, your lease/deeds will not allow this.
The lease/deeds for your property will have very specific provisions about this, but generally the only restrictions are that occupiers should be able to care for themselves and be able to satisfy the age requirements set out in the lease/deeds.
This is dependent on the lease/deeds for the development. You will need to contact your solicitor who can advise you on this.
Yes, subject to any provisions in the lease/deeds, such as the requirement to pay a contingency and/or transfer fee and restrictions on age of subsequent occupant.
No. Once you have purchased a property, the developer does not restrict you in selling your property on the open market for the maximum price obtainable.
Yes, but many leases/deeds restrict estate agents putting up a for sale boards. The property can be advertised/marketed in all the other usual ways.
Retirement Homesearch operates a specialist nationwide service for property resales. They can be contacted through your House Manager, by visiting www.retirementhomesearch.co.uk or calling 0845 880 5560.
Subject to what your lease/deeds may say, providing occupants comply with the terms of the lease/deeds on age, you are free to sell your property to who you wish. However, your development has been designed for the active retired and you should consider this when offering your property for sale.
Your lease/deeds will give guidance on this, but Peverel Retirement should be informed through your House Manager prior to your flat being put on the market.
This may not be permitted under the terms of the lease/deeds. If each individual tenant was allowed to display such items in property windows, or in the grounds, the combined effect would be to make the development unsightly and have a detrimental effect on values.
In England and Wales, subject to the landlord's consent, Peverel Retirement may erect its own general information board on developments where resales exist.
