Lease Extension

Extend your lease and increase the value of your property

 

Newman Webb can help you through the process of extending your lease by providing valuation advice on the premium payable for a lease extension, dealing with subsequent negotiations and representing you at any subsequent Tribunal hearings.

The Leasehold Reform, Housing and Urban Development Act 1993 grants residential long leaseholders the right to acquire an extension to an existing lease if they have owned their leasehold property for at least two years and the lease was originally granted for a term of more than 21 years.

Add an extra 90 years to your lease

Under the Act, you are entitled to an additional 90-year term on top of your unexpired term and the ground rent is bought down to nil for the remainder of the term.

Newman Webb is experienced in dealing with leasehold extensions, which requires comprehensive knowledge of valuations, an appreciation of recent case law and Tribunal determinations and excellent negotiations skills.

To learn more about how we can help you extend your lease and increase the value of your property, please contact a member of our team.