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| Extend Your Lease With No Ground Rent |
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Leasehold Reform Housing and Urban Development
Act 1993 (as amended)
Many Lessees are unaware of their rights to extend the term
of the Lease for a minimum period of 90 years in addition to
the term that is already in existence. The additional 90 years
on top of the present term is at a peppercorn rent (i.e., nil).
We can assist with regard to such advice. We can arrange for
the appropriate valuations as to the cost of such extension
and to assist in the service of such notices and final completion
of the extended Lease.
In more and more cases Lessees are finding when they try and
sell their property that due to the Lease having reduced to
a period, for example below 80 years, that the sale is delayed
and last minute negotiations have to be made with the Landlord
who, in such circumstances, often try to increase the ground
rent and put in terms in the variation of the Lease which are
not beneficial to the Lessees.
We can advise with regard to such negotiations and issue the
appropriate application to avoid these last minute problems,
so please contact us on the details provided or complete an
enquiry form and we
will get back to you as soon as possible. |
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