Lease Extensions: FAQs For Leaseholders and Freeholders. Shital Mehta, senior solicitor in the residential conveyancing department at IBB Solicitors, answers the key questions often asked by leaseholders and freeholders. For more information please visit: http://www.ibblaw.co.uk/service/residential-conveyancing
Questions for Leaseholders Considering a Lease Extension:
Q.Why should I extend my lease?
Q.How can I extend my lease?
Q. When should I extend my lease?
Q. Am I a qualifying tenant for lease extension?
Q. How long do I have to wait before I have the right to extend my lease?
Q.How long can I extend my lease for?
Q. Will the ground rent increase after a lease extension?
Q. I am a leaseholder. How do I calculate the premium payable to extend my lease?
Q. What happens if we cannot agree on how much the lease extension should cost?
Q. I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
Q. Do I have to go through the Act to extend my lease?
Questions For a Freeholders: The Granting of Lease Extensions
Q. I am a freeholder. Do I have to grant a lease extension to the leaseholder?
Q. I am a freeholder. How do I know what premium the lessee should be paying me to extend his lease?
Q. I am a freeholder, and involved in a lease extension. Will I need a solicitor?
Q. I am a freeholder. If a lease is extended will the terms of the new lease be the same as the existing one?
Questions for Leasehold Tenants Undergoing a Lease Extension
Q. I am undertaking a lease extension. Can the landlord insist on making variations to the lease?
Q. I am a leaseholder and I want to extend my lease but my landlord is missing. What should I do?
Q. How do I find out who my freeholder is?
Q. I have served a Section 42 notice and have not received a counter-notice. What can I do?
Q. I am proceeding under the Leasehold Reform, Housing and Urban Development Act 1993 and have agreed the terms of the lease extension but have not completed. What can I do?
For further information please contact IBB's property and conveyancing solicitors on 01494 790013 or 01494 790071 or email [email protected].
Our residential conveyancing solicitors provide professional legal advice on all aspects of buying and selling property. Our property solicitors are based in Chesham, Buckinghamshire, and covers the neighbouring areas of: Amersham, Chorleywood, Rickmansworth, The Chalfonts, Gerrards Cross, Beaconsfield, Berkhamsted, the surrounding home counties and West London. We can meet you at our Chiltern office or a mutually convenient location .
The Residential Conveyancing Team
The Bury, Church St,
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