Onerous ground rents are those that double every 5-10-15 years or are linked in some way to the value of the flat. The latter is less so and more publicity has surrounded the 10 year doubling ground rents. These can lead to very high ground rents at the end of...
The consultations main aim is to simplify and reduce the costs of freehold purchase or lease extension and to make enfranchisement easier. Flats Reduce complexity and costs. Less ability for mistakes to be used against leaseholders by having a prescribed form. Tribunal to settle disputes and process claims in the case of missing landlords. No...
Lease Extension If you are a leasehold flat owner, there is legislation which gives you the right to extend your lease. The value of your flat will be significantly increased by a lease extension. However it involves a complex area of law and you must have the correct professional valuation and...
Collective enfranchisement is the process by which leaseholders join together and buy the freehold of the building, according to the provisions of the Leasehold Reform & Urban Development Act 1993. As a leasehold property owner, typically of a flat or apartment, this may be well worth considering since the benefits...
As a leaseholder, you have the statutory right to extend the lease of your residential property under the Leasehold Reform and Urban Development Act 1993. But unless there are at least 21 years left to run on the lease, and you’ve owned the property for a minimum of 2 years,...
Do you own residential leasehold property? If you’re the owner of a flat with a short(ish) lease, it is in your financial interest to have at least a reasonable understanding of lease extensions so that you can take advantage of your statutory rights and protect your investment. But let’s start at...
We do lots of work in Pimlico, Westminster and Victoria - call us if you need advice in these areas....
Do you need lease extension or buy your freehold advice? We carry out 300-400 cases per year and have some of the most experienced valuers and solicitors....
1. Valuation. After the valuation inspection we will report back to you with our findings within 7 to 10 days. 2. Serving Notice. On agreement of valuation we will send you the Legal Terms and Conditions. If you would like to proceed please fill these out and return to us. We...
The Leasehold Reform, Housing and Urban Development Act 1993 (“the Act”) provides leaseholders with the right to extend their lease; subject to certain qualifying criteria being met. The Act provides the leaseholder with a right to extend the lease term by a further 90 years and extinguishes the ground rent. This...
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