If you are the owner of a leasehold property and the remaining term of the lease is around 80 years or less, it is advisable to consider enfranchisement (buying the freehold) or extending your lease.
The amount of the premium payable to extend your lease, or the price you will pay for the freehold, will vary depending upon the length of time your lease has left to run. But the longer you wait, normally the greater the cost will be and the more your property value will be reducing.
The law governing leasehold property is extremely complex but our highly experienced team of legal experts will be happy to discuss the various options open to you, whether you are a landlord or an owner.
What we can help you with…
We can provide you with extensive knowledge and expertise across a wide range of areas, including:
- Lease extensions
- Deeds of Variation
- Drafting new leases
What should I do now?
If you would like us to assist you with your enfranchisement or lease extension matter, or would just like to discuss this with one of our friendly, helpful experts, don’t hesitate to call us on 020 8907 2000.