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HomeHome BuyerEXTEND YOUR LEASE

Mar 15

EXTEND YOUR LEASE

If you own a flat, make sure your lease never goes below 80 years or its value will be wiped out quicker than dodgy stone-cladding. This guide looks at whether you should extend your lease and how it works.

Extend your lease

Legal fees You’ll need to pay your legal fees, plus the freeholder’s reasonable costs and valuation fees. Importantly, this does not include the freeholders’ legal costs for negotiating the price or for dealing with court or First-Tier Tribunal applications. Valuation fees A surveyor will need to visit your home to put a figure on the lease extension.

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