Category: Lease extensions

A lease extension refers to a legal agreement that extends the term of an existing lease or rental agreement. Extensions are not a requirement in a business relationship but are granted just before the original contract is set to expire.

Lease extensions 2021

Posted by on 17/03/2021 in Lease extensions

Leaseholders who own flats have a right to extend their leases under the Leasehold Reform Housing and Urban Development Act 1993 if they meet certain Criteria (statutory route), or by asking they can contact their freeholder and see whether they are willing to negotiate an extension of the lease term informally (informal route). Statutory Route […]

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What you need to know before you move flat

Moving into a new flat is one of the biggest steps in a person’s life. This is especially true if you have been living with your parents or roommates most of your life. When you move flat, you finally get to enjoy the freedom you have always wanted. With freedom come responsibilities. Flats do not […]

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A breakdown of leasehold extension cost

Posted by on 09/01/2017 in Lease extensions, Leasehold

Leasehold extension enables a leaseholder to increase his duration of residence in a property. Leasehold extension requires payment of fees that range from the solicitor’s fees to the actual cost of the extension. All these fees add up to a given total amount of leasehold extension cost. The cost can be broken down into solicitors […]

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The process of extending lease on flat

Posted by on 05/12/2016 in Lease extensions

Leaseholder has the right to seek an extension of his lease. This right is spelt out in The Leasehold Reform, Housing and Urban Development Act 1993. A landlord has very few grounds for denying lease extensions. Extension of the lease actually means getting a new lease. The terms of the new lease may be different […]

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All about Leasehold conveyancing

Posted by on 28/09/2015 in Lease extensions

Conveyancing of the leasehold property is quite popular. Lets know more about this. What is a leasehold property? Leasehold implies that you simply have a lease from the freeholder (in some cases called the proprietor) to utilise the home for various years. The leases are normally long haul – yet can be short. A leaseholder […]

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Buying a Property on Lease

Posted by on 22/03/2015 in Lease extensions

It often creates a dilemma regarding buying a property on lease. It involves the materiality associated with the time remaining with the lease and reaps the benefit from such transaction. Rules applied to buying property on lease are the laws involved in conveyance in UK. The transfer of ownership in UK involves the lease term […]

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