Property and Conveyancing Solicitors
Lease Extensions Solicitors
Jargon-free advice for landlords and leaseholders on all aspects of lease law
Lease law is often complex and can cause a lot of confusion among all the parties involved.
Our property team is experienced in advising both landlords and leaseholders and ensuring that processes such as lease extensions run smoothly.
What rights do leaseholders have?
The law give leaseholders in certain circumstances the rights to:
- extend their long leases
- manage the running and upkeep of their buildings
- acquire a freehold interest, usually jointly with others in the same building.
A leaseholder’s ability to exercise those rights will depend on a number of factors, such as the type of property, how long they have owned it and the remaining length of the lease.
Sometimes changes can be made by negotiating with the landlord. But there are also formal, statutory routes leaseholders can take.
Due to the complexity of leasehold law and lease extension processes, it’s a good idea to get legal advice as early as possible. A solicitor can ensure that documents are drafted correctly and deadlines are met, so that the process stays on track.
Lease extension costs
The cost of the lease extension will vary depending on the value of the property and the remaining length of the lease.
The way it is calculated is set out in law and a surveyor who specialises in this area will assess how much the leaseholder may have to pay.
The leaseholder will also have to pay their own legal fees as well as the landlord’s reasonable legal fees and surveyor’s costs.
How we can help landlords
If you are a landlord, our property specialists can help you make the most of your investments within the limits of the legislation.
We can advise you on selling extended lease terms or selling the freehold subject to these leases. Get in touch using our contact form, email or phone.
How we can help leaseholders
We are always aware of the difficulties leaseholders can face, particularly if they are coordinating groups of busy occupiers and remote investor leaseholders.
We offer practical and cost-effective advice to suit your circumstances. Fill out our contact form, email us or call us for more advice.
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