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What Is a Deed of Variation on a Lease?

Changing the terms of a lease, explained.

What Is a Deed of Variation on a Lease? Property Legal, Risk & Compliance

Updated October 2026 · Fraser Bond

Leasehold · Variation

Deeds of variation explained

Changelease terms
Freeholderagreement
Lenderconsent
Sellingfix defects
In short: A deed of variation changes the terms of an existing lease, for example to correct mistakes, update insurance or repair clauses, change ground rent terms, add rights such as parking, or fix defects a buyer's lender won't accept. It needs the agreement of the freeholder (and usually your lender) and is registered at the Land Registry. If the freeholder won't agree to fix a defective lease, the First-tier Tribunal can sometimes order changes. Fraser Bond helps sellers spot lease issues early.

Frequently asked questions

Who pays for a deed of variation?

Usually the leaseholder asking for it, including the freeholder's costs.

Is it the same as a lease extension?

No; an extension adds years, a variation changes terms.

Can it help me sell?

Yes, if it fixes defects that put off lenders.

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