Common Questions about Statutory Lease Extensions
Do you own a leasehold property, typically a flat or maisonette? The number of years left to run on the lease is a key component of the property’s market value, and there may come a time when a lease extension would make sense. So, what can you do? Many leaseholders are unaware of their right […]
Informal Lease Extension Advantages & Disadvantages
If the number of years on the lease equates to 90 or under, the leaseholder can obtain a lease extension. Under the provisions of the Leasehold Reform, Housing and Urban Development Act 1993 (the Act) residential leaseholders have a statutory right to extend their lease. However, this is often a long drawn-out and potentially expensive […]
