Selling and subletting
Letting your property
You may decide to sublet your property and to rent it to someone else. Your lease does allow for you to sublet your property, but you must:
- Inform us of your forwarding address
- Ensure your tenant keeps to the terms of your lease
- Inform your building insurance provider (If you have the building insurance cover we offer with Zurich Municipal, we will inform the insurer on your behalf when you notify us)
- Check that your mortgage lender allows subletting
You will remain responsible for the service charges and ground rent.
When you sublet your property you become your tenant’s landlord and it is your responsibility to ensure that your tenant lives in your property according to the terms of your lease. Derby City Council remains your landlord.
Selling your property
You may sell your home whenever you like. The buyer purchases the remaining term of the lease for how many years are left of the original 125 years. You do not need Derby City Council’s permission, but the council must be informed of the change of ownership. If you have received a discount from Derby City Council and sell within five years of buying, you may have to repay the whole or part of the discount. Shared ownership leaseholders must still give priority and notice to Derby City Council of their intention to sell as required by their lease.
The present policy of Derby City Council is not to buy back any former properties. However this may change and each case is individual.
When a sale has been agreed
Your solicitor may need to provide the buyer’s solicitor with information about your service charges, your current service charge account balance and whether any major works are planned.
The costs of providing this information are not covered by your management/administration fee. Therefore we charge a fee to whoever asks for the information. The charge may vary according to the amount and type of information that is requested.