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Lease Extensions
If your lease is coming to an end or even if it is not and you simply want to increase the length of the lease you can do so by an additional 90 years. You can apply purely for your own lease and do not need to involve anyone else in your block of flats.
You do however need to be a qualifying leaseholder which means you must have owned a long lease for the past two years. A long lease is defined as:
- a lease which was in excess of 21 years when originally granted.
- a shorter lease which has the right of perpetual renewal.
- a lease which is said to end on death, marriage or an unknown date.
- a lease where the leaseholder has stayed on after the original long lease has come to an end and the landlord has not tried to bring it to an end
- a shared ownership where the leaseholder’s share is 100%.
Once you have served the correct notice the benefit of the longer term stays with the lease even when you later sell the flat.
Beware of the following however:
- you will be liable for your landlord’s costs of dealing with this.
- you will have to pay a premium
At Hart Brown our specialists can help you with an application to extend your lease and we will explain the process to you in simple and clear terms.
To speak to someone who can help with a lease extension call, email or request a call back from one of our specialist lawyers.