Conversion of "ultra-long" leases takes effect

Tenants under "ultra long leases" in Scotland may have woken up last week to find themselves the owner of the property they formerly tenanted. On 28 November, legislation came into effect by which the rights of certain tenants automatically converted into ownership. Former landlords may now however benefit from the automatic conversion of some lease conditions into title conditions.

2nd December 2015

The Long Leases (Scotland) Act 2012 converts "qualifying leases." If your lease qualifies, you don’t need to take any action to make conversion happen, but there are a number of practical steps that you must take to ensure that your ‘new’ title is properly shown on the property register.