Residential Lease Extension

We specialise in and act on behalf of numerous Freeholders and Leaseholders to provide valuation reports and negotiate terms on flats with short leases under the provisions of the Leasehold Reform Housing and Development Act 1993. We also provide advice on Collective Enfranchisement.

All owners of long leasehold flats and houses have the right to extend their lease or purchase their freehold subject to certain conditions. As a lease gets shorter, it's value decreases and it becomes more expensive to extend.

One of only a few specialists in this area of legislation and we have many years’ experience advising both Freeholders and Leaseholders to extend leases or alternatively acquire or sell the freehold under the tenants statutory rights or otherwise.

Drawing on our extensive experience we can confirm if the price and terms offered are reasonable. We can also advise on whether it is advantageous to both parties to conclude the transaction by agreement, especially with regard to the term, the ground rent and review provisions.

If a freeholder or leaseholder is being unreasonable then we are able to advise whether to take the case to the First Tier Tribunal (Property Chamber) and we would be able to represent you in this regard. However, our aim is always to try to resolve matters as quickly and efficiently as possible.

To learn more download A Brief Guide To Residential Lease Extension Flat Or Apartment By Jaggard Macland.

For more information please contact Greg Rowland.