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 payment of any further ground rent. The freeholder (often referred to as the landlord) 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 valuation advice on the premium to be inserted into a section 42 or 45 notice 
  • Excellent knowledge of the leasehold reform process 
  • Negotiation with the other party (leaseholder or freeholder)
  • Experience in representing clients at the first tier tribunal 

 

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?

view here

What's the difference between freehold and leasehold?

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

view here

For guidance on your individual options, please get in touch

CONTACT US

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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Get in touch

Our friendly and professional team is on hand to answer your queries between 09:00 – 17:30 Monday to Friday.

During this time we aim to get back to you within 24 hours. Enquiries received outside of these hours or on bank holidays will be handled the next working day.

If your query is urgent, please call us for the quickest response on 01628 771221.