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If you own a flat with a short-term lease, it may affect your ability to sell your property in the future. Ramsdens Solicitors offers a free, efficient and experienced service for lease extensions, helping you to process and agree an extension or negotiate with the freeholder while following the necessary statutory procedure.
Our highly skilled solicitors will guide you through the process from start to finish, offering simple and easy-to-understand advice every step of the way. Call our specialist team on 01484 821 500 or fill out our online enquiry form and a member of the team will be in touch at a convenient time for you.
Tenants who have been in ownership of their leasehold property for two or more years can extend their lease terms at any time, subject to qualification, by virtue of the Leasehold Reform Housing & Urban Development Act 1993. The Act sets out the qualifying criteria and the formula for valuing the price payable to the landlord for extending the lease term.
A lease extension can also be achieved outside of the Act through negotiations with the landlord.
There are a number of factors to consider when seeking a lease extension, such as: