Leasehold
Enfranchisement

Yes, you will need a valuation but as a first step you could use our lease extension calculator to get an idea of the likely premium so that you can decide whether to go ahead.  When you are ready to instruct a valuer we can put you in touch with firms that work in your area or alternatively take a look on the ALEP website.

We often have to make an application to the First Tier Tribunal in order to protect your position; if an application is not made within certain time limits your claim for a lease extension will be withdrawn and you will not be able to serve another notice for a further year.  Usually, the parties reach agreement fairly swiftly after an application has been made as the costs of attending a tribunal hearing can negate any difference in premium between you.  Sometimes the parties cannot agree on the terms of the new lease and have to ask the tribunal to determine them but that is rare.

That depends.  No one knows what changes will be made to the current regime and it could still be a few years before any changes come into force.  If your lease is coming up to 80 years unexpired don’t wait.  Feel free to call us to discuss your individual circumstances.

No, provided the seller qualifies for a lease extension they can serve the notice and assign it to you on completion of the sale. You then take over the process. Your solicitor will have to prepare the notice and arrange for it to be served so that all the seller will have to do is to sign it.

There are individuals or companies who will act as a White Knight and invest in the block.  We can advise you as to your options.

If you are proceeding under the Act you must pay your landlord’s reasonable legal and valuation costs but not any costs in connection with the First Tier Tribunal.  That is the same if you are extending your lease under the Act as well.