Section 42 Notices: The Tenants Notice
Posted on 07/10/13, filed under Lease Extension Advice, Leasehold Valuation Tribunal, Statutory Lease ExtensionsA 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 […]