What is a "leasehold property dispute"?

Prepare for the TPI Leasehold Management Level 3 Test. Study with flashcards and multiple-choice questions, each with hints and explanations. Get exam-ready!

A leasehold property dispute refers to a situation where there is a disagreement concerning the terms of the lease or issues related to property maintenance. This often involves conflicts between the landlord and tenant, such as disagreements on rent payments, maintenance responsibilities, or interpretations of clauses within the lease agreement.

In any leasehold arrangement, both parties have specific rights and obligations, and when one party feels that the other has not adhered to these terms, it can lead to a dispute. These disputes are typically resolved through negotiation, mediation, or, in some cases, legal action if the issues cannot be amicably settled. A thorough understanding of lease terms is crucial for both landlords and tenants to safeguard their interests and reduce the likelihood of such disputes arising.

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