Q. I own a flat and the lease is starting to look short and I am worried that it may affect my ability to sell. What can I do?
A. You may be entitled to a 90 year lease extension under the Leasehold Reform Housing and Urban Development Act 1993, if you have owned your flat for 2 years or more and the lease was originally granted for a term of over 21 years. We can advise you on how to obtain an extension to your best advantage and improve the value of your flat.
Q. The lease of my flat is short and it is currently on the market, but I am unable to pay for the lease extension before sale. What can I do?
A. If you have owned the flat for more than 2 years, you may be a qualifying tenant who is entitled to a lease extension. This qualifying status can be passed onto your prospective buyer through additional work done at the same time as your conveyancing. We can prepare the necessary documentation ensuring that your entitlement to an extension is effectively transferred to your buyer so that you do not have to sell a short lease.
If you would like to speak to a solicitor regarding a leasehold, please send us a message using our enquiry form >>>

