Did you know that most flat owners are entitled to extend the term of their lease by 90 years? With cancellation of the ground rent? The flat owner would be liable to pay you a premium for the lease extension. They (subject to some limitations) must also pay your legal and surveyors’ fees for granting the lease.
If you receive a request for a lease extension, you should contact our property law solicitors straight away. So we can ensure your position is protected. There are very strict rules and time limits regarding Notices. For example if you fail to respond correctly, you could be legally bound to grant the lease on the terms proposed by the flat owner. Including the premium, which is likely to be less than you want to receive. It is therefore important that you obtain expert legal advice.
If you agree with a flat owner to vary their Lease (e.g. to remove a restriction on subletting, to include an additional area in their lease or to update the service charge provisions) we can deal with the variation for you.
Please telephone the contact numbers below to arrange an appointment to
see one of our property solicitors.
We are particularly proud to be a member of the Association of Leasehold Enfranchisement Practitioners, the Conveyancing Quality Scheme and Lexcel which are badges of assurance to our clients that they will receive a consistently high level of service, integrity and professionalism from us.