Extending your Lease
Extending the term of years of your lease
If your lease has 85 years or less to run you should be looking at extending the term. Lease extensions follow a complex statutory procedure encouraging the parties to agree the lease extension between themselves. If this is not possible the Residential Property Tribunals are there to determine the terms. We will assist you in negotiating the new terms and hopefully avoiding the need for the Tribunal.
Leaseholders have the right to extend their lease by an additional 90 years after they have owned their property for two years. This allows leaseholders to protect the value of their property and make it more marketable should they wish to sell.
Our solicitors are members of the Association of Leasehold Enfranchisement Practitioners (ALEP) who are committed to helping leaseholders understand and protect their property rights.