Ending your lease

When you buy your home, you sign a lease which sets out your rights and responsibilities. If you break these conditions  - known as a breach of lease - Peabody can apply to the courts to end the lease and repossess your home.

Repossession, or forfeiture, is only used as a last resort and the breach would have to be very serious for the courts to decide that we could end a lease. An example would be refusal to pay your service charge.

Peabody will make every effort to negotiate with leaseholders, and both Peabody and the leaseholder, can apply to a leasehold valuation tribunal for a decision as to whether a service charge is reasonable.