Extending your lease

Extending Your Lease

Tim Bishop Tackles Four Of The Questions Most Frequently Asked By Flat Owners When it comes to lease extensions, most flat owners... more »

Problems when buying a property needing a lease extension?

So, you have found the dream flat and made your offer and it has been accepted - and then, someone starts mentioning the lease. It... more »

Can we extend our lease?

What is a statutory lease extension? The Leasehold Reform, Housing and Urban Development Act 1993 (“the 1993 Act”) allows... more »

Why do I have to extend my lease?

A lease is a right to use “rent” the property for a set period of time. As your lease gets shorter the value of the Lease,... more »

Why extend your lease

If you are a leaseholder, chances are that at some point you will want to extend your lease. Stewart Gray explains what you need to... more »

Extending your lease

Lease extension applications can be costly affairs, both in terms of premium paid for the lease extension and also the fees. Fees are... more »

How to extend your Lease in 4 Steps

Click here to download the full sized version   more »

The lease extension process - making it happen

Making it happen The lease extension process starts with the valuer. A valuation report calculation from a qualified and experienced... more »

An Informal Lease Extension – A Tailored Fit?

The process of leasehold enfranchisement provides a flat owner with the opportunity to extend the term of their lease. The legislation... more »

What is a statutory lease extension?

The Leasehold Reform, Housing and Urban Development Act 1993 (“the 1993 Act”) allows lessees to extend their lease by 90... more »

How long can I extend my lease for?

The right under the Leasehold Reform, Housing and Urban Development Act 1993 is to add 90 years to what is left on your existing lease. For... more »

When is the best time to extend my lease?

Unfortunately your lease is a wasting asset as whilst its term reduces so does the value of your flat. However when the term reaches... more »

Who is involved with a lease extension?

This is key to extending your lease.  It is essential that the solicitor and valuer engaged have proven expertise in leasehold... more »

How is my lease extension calculated

The valuation formulae are complex but are primarily based on compensation for loss of ground rent and the length of the unexpired... more »

What do you pay when you extend your lease

The lessee will pay their own legal and valuer’s costs and, in complex cases, often those of the Barrister.   There will... more »

What is Marriage Value

This is the potential for increase in the value of the flat arising from the grant of the new lease where the unexpired term is less... more »

What is a Section 42 Notice

Once your surveyor has carried out a valuation of your flat they will need to send the valuation on to your solicitor. Next, your... more »

A Barrister’s role in a lease extension claim

Applying for a lease extension should be less complex than a collective enfranchisement application. All the leaseholder is trying... more »

Buying and selling your flat with a short lease

What is a statutory lease extension? The Leasehold Reform, Housing and Urban Development Act 1993 (“the 1993 Act”) allows... more »