Whether you are an individual, a resident or a landlord you can rest assured that we have the expertise and knowledge that are invaluable when acting on your behalf.
We deal with residential lease extensions agreed on an informal basis between landlords and tenants. We also deal with formal residential lease extensions between landlords and tenants granted under statute law.
Informal lease extensions are obtained via an informal agreement with your landlord. However these arrangements allow your landlord to deviate from the statutory prescribed terms that would otherwise be included within a formal lease extension. These statutory prescribed terms are of commercial and financial importance to you.
In brief, the statutory terms of a lease extension are an additional 90 years to be added to your existing term, the abolition of ground rent payments from the point of completion of the lease extension and any other lease amendments that are necessary to perfect any imperfections within the original lease.
Formal lease extensions are subject to an array of legal rules that are contained in two pieces of primary legislation:
We would normally advise that you proceed with a formal lease extension. We have a reputation for protecting, and enhancing the value and saleability of our clients’ residential leasehold properties. We are members of ALEP (Association of Leasehold Enfranchisement Practitioners) and are on the panel of solicitors kept by the Leasehold Advisory Service.
Our services include:
We deal with residential lease extensions agreed on an informal basis between landlords and tenants. We also deal with formal residential lease extensions between landlords and tenants granted under statute law.
Informal lease extensions are obtained via an informal agreement with your landlord. However these arrangements allow your landlord to deviate from the statutory prescribed terms that would otherwise be included within a formal lease extension. These statutory prescribed terms are of commercial and financial importance to you.
In brief, the statutory terms of a lease extension are an additional 90 years to be added to your existing term, the abolition of ground rent payments from the point of completion of the lease extension and any other lease amendments that are necessary to perfect any imperfections within the original lease.
Formal lease extensions are subject to an array of legal rules that are contained in two pieces of primary legislation:
- The Leasehold Reform Act 1967. This act gives leaseholders of houses the right to buy a lease extension for their homes from their landlords.
- The Leasehold Reform Housing & Urban Development Act 1993. This act gives leaseholders of flats the right to buy a lease extension for their flat from their landlords, provided they have owned the lease for two years or more (we are able to deal with assignments of this right to overcome this two year ownership rule provided it is exercised at the time you purchase or sell the flat).
We would normally advise that you proceed with a formal lease extension. We have a reputation for protecting, and enhancing the value and saleability of our clients’ residential leasehold properties. We are members of ALEP (Association of Leasehold Enfranchisement Practitioners) and are on the panel of solicitors kept by the Leasehold Advisory Service.
Our services include:
- Advising on problem residential leases and how best to rectify and sell them
- Obtaining or granting lease extensions for either leasehold houses or flats via the statutory processes
- Sale and purchasing conveyancing services of short leases that include the assignment of the benefit of an initial notice required to start a formal lease extension. This enables you to buy or sell your flat whilst contemporaneously overcoming the two year ownership requirement before you can start the formal lease extension process, useful to both sellers and buyers
- Negotiating the best prices possible for either tenants or landlords when dealing with lease extension cases
- In the event of default or dispute and in the interests of protecting your position, we are experienced in dealing with all the necessary applications and hearings required either in the Leasehold Valuation Tribunal or county court
- Acting on behalf of tenants in lease extension cases where their landlords are either missing or deceased
- We have prepared all possible types of Leasehold Advisory Tribunal and county court applications. We also offer practical advice about the tactical and sometimes financial advantages of allowing matters to go before the Leasehold Advisory Tribunal or county court
- We prepare all the necessary notices, provide the necessary advice, draft or approve the lease extensions and arrange for the extensions to be registered with the Land Registry to give them legal effect
