Lease Extention

Are you a Tenant of a Leasehold property seeking to extend the term of your Lease or amend a defect on your Lease?

Whether it is extending the term of your Lease to make your flat a more attractive sale prospect or dealing with any corrections you are looking to make on the Lease

COLLECTIVE ENFRANCHISEMENT

Do you own a flat in a block and have you agreed with your fellow Leaseholders to purchase the Freehold Interest from your Landlord?

Perhaps you are not happy with the maintenance regime and wish to take ownership of the Freehold Interest, so you can better manage maintenance of the block; or your Freeholder is seeking to dispose of their Freehold Interest in the Building and wishes to transfer their ownership share to you as Lessees?

We can help you

Whatever the situation, we are available to provide the assistance you require

Contact us for a fixed fee quote

Group discounts also available if applicable

To extend the lease term, here are the stages involved to note:-<

First STAGE

Eligibility check

Initial checks

Serving of Notice

Compliance with Landlord requirements

Consent of Lender, if required

Second Stage

Dealing with the draft Deed of Variation

Completion of the Deed

Registration of the Deed

MATTERS TO CONSIDER

Extracts from Leasehold Reform Notice

https://www.lawsociety.org.uk/policy-campaigns/articles/leasehold-reform/

The government is planning to make the leasehold system fairer for leaseholders. Over several years, it appears that some parts of the residential leasehold system have become unfair for some of those who own flats, particularly some newly built flats.

Some leaseholders face high and escalating ground rents, making it harder for them to sell or re-mortgage their homes.

It also seems that some charges being requested under leases may be excessively high, or are being imposed for permissions and administration fees where they may not properly be required.

Enfranchising or extending a lease of a house or of a flat can be expensive and complex.

Issues that can be unfair include:

the method and frequency of ground rent increases
high or unclear service charges and one-off bills
managing agents charging unexpected fees for permissions or consents
the costs of and delays in providing management information