Residential lease extensions

Our valuers specialise in residential lease extension  We act on behalf of landlord or tenants advising on options available to each party.

 

Experts in lease extension negotiation and valuation

Residential lease extension specialists

Acting for either the leaseholder or the freeholder, we specialise in the valuation and negotiation required for residential lease extensions. We operate throughout London, Buckinghamshire, Berkshire, Surrey, Hampshire, Oxfordshire and Hertfordshire. 

The Leasehold Reform, Housing and Urban Development Act 1993 gives the leaseholder – also known as the tenant or lessee – the right to extend their lease by a further 90 years, without a ground rent. The freeholder is legally obligated to comply with this request, depending on three criteria:

  • The property must be a flat
  • The leaseholder has owned their flat for at least 2 years
  • The lease has an original term of at least 21 years

 

It is especially important for leaseholders to act upon extending their lease when the unexpired lease term is approaching 80 years as this is when the costs involved begin to escalate

 

Our service includes

 

  • Initial advice in respect of an upcoming lease renewal or expiry
  • Excellent knowledge of the Landlord & Tenant Act 1954
  • Negotiation with the other party (landlord or tenant)

 

We act and advise on 

 

  • Residential lease extensions
  • Collective enfranchisement

 

As a multi-disciplined firm, we can offer our clients a 360 degree consultancy and have a wide range of in-house expertise to call upon should further specialist input be required including expert witness surveyors condition reports and building surveys.   

 

Find out more about residential lease extensions

A leaseholders guide to residential lease extensions

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A freeholders guide to residential lease extensions

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Residential lease extensions - step by step process

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Why and when do I need to consider extending my lease?

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What's the difference between freehold and leasehold?

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Less than 80 years remaining? Why you need to act now

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For guidance on your individual options, please get in touch

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Our Team

Nathan Hall

BSc (Hons) MRICS

Head of General Practice
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Paula Harrington

MRICS

Chartered Surveyor & RICS Registered Valuer
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