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Lease Extension

Under the Leasehold Reform Housing and Urban Development Act 1993 (as amended) (“the Act”) if you are a “qualifying” tenant (which depends on the length of your lease and the number of flats in the block), you will have a right to apply to your landlord for the grant of an additional 90 years, plus the present unexpired term, all at a peppercorn rent (i.e. nil rent).

We have experience in making such applications on behalf of a tenant, advising you, in the first instance, if you do qualify and then serving the appropriate notice on the landlord which triggers the statutory procedures under the Act.

However, tenants embarking on extending their lease should be aware that they are liable for the landlord’s reasonable costs as from the date of the notice which is served on the landlord informing them that the procedure has been instituted.

It can be a long and drawn out procedure, if the premium to be paid for the lease extension cannot be agreed with the landlord as an application would then have to be made to the Leasehold Valuation Tribunal to agree the premium, otherwise, if the premium can be agreed, it is a relatively painless procedure which should greatly add to the value of your property.

Contact our landlord and tenant/housing specialists today for an initial cost free telephone overview of your circumstances. Please telephone Bhavani Hogarty on 01935 385987 or Ella Carroll on 01935 385984, or alternatively, complete our online enquiry form and a member of the team will contact you as soon as possible.

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