Archive for Lease Extension Advice

Section 42 Notices: The Tenants Notice

Posted on 07/10/13, filed under Lease Extension Advice, Leasehold Valuation Tribunal, Statutory Lease Extensions

A Section 42 Notice is the formal notice a leaseholder issues to their freeholder when claiming their legal right to a statutory lease extension. Also referred to as the Tenants Notice, a Section 42 Notice allows leaseholders to begin formal proceedings to extend their lease. The lease extension adds an additional 90 years to the […]

How much do Lease Extensions Cost?

Posted on 11/09/13, filed under Lease Extension Advice, Lease extensions, Statutory Lease Extensions

Are you aware of the unexpired term left on your lease? Losing track of the length of your lease could land you with a bill for thousands of pounds. The sooner you can extend the better, saving you money and stress further down the line. The cost of extending the lease will depend on a […]

Negotiating Lease Extensions in Private Agreement Negotiations

Posted on 07/08/13, filed under Lease Extension Advice, Lease extensions

Lease extensions can be obtained in two ways: via the provisions of the 1993 Leasehold Reform, Housing & Urban Development Act, or through agreeing terms informally with the freeholder. This will depend upon the willingness of a particular freeholder to be reasonable and whether the freeholder is keen to negotiate non statutory terms, such as […]