One agreement for a whole block.
Rather than selling a completed phase flat by flat into a slow market, let the block as a whole and house project teams in it.
How it works
What a block letting gives you
One counterparty
A single company let agreement at market value rent, with Maine Property Solutions Ltd as the lessee.
One payment
The same sum on the same date each month.
Room to sell later
Break provisions for when the sales market turns.
Worth knowing
Structuring a block letting
Larger blocks are usually phased.
- A first group of flats comes on first
- The rest follows on agreed terms
- Security is agreed in writing and sized to the block
- A schedule of condition covers every flat at handover
Getting started
From completion to occupancy
Send the block
Location, flats and the completion date.
Agree the phasing
How many flats and in what order.
Hand over
Flats furnished and ready for their first guests.
For every kind of owner
Find the page written for you
Tell us about it
Tell us about the property.
Where it is, what it is like and what you would like to happen. Pick a time and we call you back about next steps.
- No fee to talk and nothing to sign
- Your details stay with us
- A call at the time you choose
Your questions
Questions owners ask
Can we take the block back to sell?
Yes, on the notice set out in the break provisions.
Do you manage the common parts?
No. That stays with the freeholder or managing agent.
How is a large block phased?
A first group of flats comes on and the rest follows on agreed terms.
Who pays council tax on the flats?
That is set out in the agreement before anything starts.
A phase ready and filling slowly?
Send Maine Property Solutions the block and the completion date.