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Lease Extension and Leasehold Enfranchisement
Statutory Lease Extensions
A process whereby a leaseholder can compel their landlord to grant them a new lease for an additional 90 years in length, in exchange for the payment of a sum (known as a “premium”).
A process whereby a collective of leaseholders can compel their landlord to grant to them the Freehold of the building where they live, in exchange for the payment of a sum (known as a “premium”).
If you own a flat with a short lease, it may affect your ability to sell your property in the future. However, you may qualify for a statutory Lease extension and we are able to advise you on the best options available for your particular situation. Our leasehold specialist can also provide expert advice on Leasehold Enfranchisement (or Collective Enfranchisement as it is otherwise known) which is a process where you and your neighbours may qualify to buy the freehold of your building from your landlord.
The legislation sets out a formal procedure which must be followed in each case. There are certain exceptions on ones eligibility to proceed with these, however, and the legislation is complex, which is why we would recommend that those thinking of embarking on these processes seek advice from those who specialise within this law such as ourselves. It is only through strong experience and understanding of the law that one is able to achieve the best financial outcome.
We advise both landlords and tenants (commercial and residential) on their respective rights under the legislation. We advise companies, individuals and groups of individuals throughout the UK. We can advise and act for you regardless of your location and we provide a nationwide service. It is not necessary for you or your property to be local to us as many clients now prefer to be contacted electronically or by telephone. You will need a Surveyor in these types of processes, and we are able to put you in touch with a specialist surveyor in your area if you wish.
Why Choose Judge & Priestley ?
Undertaking these courses of action can be a significant step and investment. We understand the importance of meeting the statutory deadlines and our experience in this area enables us to obtain the best outcome for you. Specialist advice on these matters is difficult to obtain, and we are proud to be able to offer quality guidance whether you are located close to our offices or not.
To discuss the legalities surrounding lease extensions and lease enfranchisement further, please call us Daniel Tang on 020 8290 7373 or email firstname.lastname@example.org