The right time
As a landlord, you will be aware of the importance and value of the leases on your properties. You’ll also appreciate the value of reviewing leases at a timely moment.
Liaising with your tenants
As a time-sensitive diminishing asset, a lease only lasts for a specific period. Over the years, the lease terms will reduce and your tenants will need to extend their leases. When a lease slips below an 80-year term, the costs of extending it can increase from the tenant’s point of view.
Our expert Residential Property Team will work with you and talk you through the procedures as to how leases can be extended either by private negotiation (the informal route) or a statutory procedure. We will help with negotiated lease extensions, giving you peace of mind that your property will be in safe hands.
If you are considering a Lease Extension, please contact us.