What does the term 'major works' encompass in leasehold property management?

The term 'major works' in leasehold property management refers specifically to significant renovations, repairs, or improvements that necessitate substantial expenditure. This can include large-scale projects like replacing roofs, overhauling heating systems, or other extensive refurbishments that have a considerable impact on the property or its value.

These works are usually beyond the scope of regular maintenance and often require planning permissions, contractor engagement, and may be subject to specific legal and financial regulations applicable to leasehold properties. Thus, they play a crucial role in the upkeep and enhancement of the overall property and are typically funded through service charges or reserve funds collected from leaseholders.

In contrast, routine maintenance, minor cosmetic changes by tenants, and standard property inspections do not fit the criteria for 'major works' as they do not involve the same level of complexity, impact, or financial commitment.