Dear Giles Many thanks for copy of the lease ah it has been safely received. Thanks also to you and the team for dealing with this matter smoothly and hassle free. Every good wish...
Collective Enfranchisement Detached Building with Car Park on Basement LM Homes Ltd and others v Queencourt Freehold Property Ltd (2020) The leaseholders sort to enfranchise a large block with basement car park. The 1993 act requires a notice to specify and also be accompanied by a plan and describe any property proposed...
Most flats in the UK are sold as leaseholdhold so if you own a flat you probably have a leasehold – a contractual agreement between the leaseholdholder also the landlord – or freeholder. The leasehold gives you conditional ownership for a set period of time. The contents of the leasehold will also...
Trends in leasehold tenure The Ministry for Housing, Communities and Local Government (MHCLG) estimates that there are around 4.3 million leasehold homes in Englalso, of which 69% are flats also 31% are houses. Overall around 54% of flats are estimated to be lease hold, compared with 7% of houses. In 2018, around...
How can I extend the lease on my flat? I have a leasehold flat of 50 years. I need to stay but want the security of a long lease. What steps are there to follow to negotiate a new longer lease with the freeholder? How do I extend the lease? As each year...
Lease Extension Solicitors London ARE YOU ENTITLED TO EXTEND THE LEASE OF YOUR FLAT? The Leasehold Reform, Housing & Urban Development Act 1993 (“the Act”) as amended by the Commonhold and Leasehold Reform Act 2002, entitles most owners, including companies, of a lease of a flat to a new extended lease provided: a.) ...
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...
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