We help landlords and tenants
Our solicitors provide valuable assistance with renewing lease extensions, by offering legal guidance and support throughout the entire process.
We'll review the lease and negotiate with the other parties on your behalf ensuring the best possible terms for the lease extension.
We'll also help you draft any agreements, handle paperwork and negotiate on your behalf.
Jaswinder Veratch joined Sanders Witherspoon LLP in 2020 and heads up the Conveyancing Department. Jaswinder deals with property related matters, including sales, purchases, transfer of equity and remortgages
Jaswinder Veratch -
Residential Property Solicitor
Great Fees
Fixed costs including with no hidden fees or charges.
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We've successfully worked on lease extensions of all shapes and sizes
Over 50 Years' Experience
A team of specialists in each field, we're ready to offer advice and representation.
Leasehold Extension FAQs
You can apply for a lease extension if you have owned the property for at least 2 years. The sooner you apply for a lease extension, the cheaper it will be.
You can extend your lease by up to 90 years in England and Wales and 175 years in Scotland. The cost of the extension will depend on various factors, including the length of the extension and the value of the property.
A lease extension can be granted by the landlord (freeholder) or by agreement between the leaseholder and landlord. If the landlord refuses to grant a lease extension, the leaseholder can apply to the First-tier Tribunal (Property Chamber) for a determination of the terms of the extension.
The cost of a lease extension will depend on various factors, including the length of the extension, the value of the property, and the ground rent payable under the existing lease. You will need to pay for a lease extension valuation and legal fees, as well as the premium for the lease extension itself.
If you do not extend your lease, the value of your property will decrease as the lease gets shorter. It may also be harder to sell the property, as many lenders require a minimum lease length before they will lend on a property.
Yes, you can negotiate the terms of a lease extension, including the premium payable, the length of the extension, and any other terms of the lease.
The process of a lease extension can take several months or longer, depending on the complexity of the case and whether the parties can agree on the terms of the extension. It is important to seek professional advice before starting the process.
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