Extending your lease

Extending your lease

 

You have the statutory right to extend your lease once you have owned a property for two years. The right is to add 90 years to what is left on the existing lease. This is a complicated process and we are entitled to the payment of any fees and expenses we incur, as well as a payment for the lease extension which is worked out using a formula set out in law.

 

 

Leasehold Advisory Service

Information and advice on extending your lease is available on the Leasehold Advisory Service website www.lease-advice.org

 

 

Getting started

The first stage is for your to appoint a solicitor and a valuer to act on your behalf. The total costs you will be liable to pay are the premium payable for the lease extension plus both your own and our legal and valuation costs.

 

 

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