Our Sussex and South East based experts in leasehold enfranchisement are able to offer practical guidance and support in relation to extending the lease of your property. Our knowledgeable team can also help should you decide you’d like to buy the freehold of your home.
Lease extensions – leaseholders and freeholders
Lease extension and shared ownership can be complex, but fear not as our team of experts are here to offer sound advice on your property. Extending a lease or buying the freehold has a value; this value inevitably lies with the freeholder. This means that the freeholder is entitled to what would be termed a fair market value for extending a leaseholder’s investment. This would also be the case if there were to be a sale of the freehold interest. As a leaseholder you are entitled to an extension of your lease. Notice must be served first of your intentions should you be considering a lease extension or freehold purchase.
As with any property matter, it is important to consult a professional to ensure you protect your investment. Our South East leasehold enfranchisement experts are able to consult and assist with matters relating to freeholds and leaseholds including how the value of the leasehold is obtained. Things that will be looked at when the valuation is considered include:
Our knowledgeable leasehold enfranchisement experts will guide you through the process ensuring requirements are met and processes adhered to. Consulting a valuation surveyor with expertise in this area is essential as matters can be complicated and negotiations may be required. Our team will help you understand the leasehold enfranchisement process and can offer guidance on what you’re entitled to and what you will be required to do.
South East leasehold enfranchisement services
If you require assistance with any of the following, please contact our Sussex based experts:
Discuss your leasehold enfranchisement requirements with our experts today! Please contact us or call for a no obligation discussion with one of our property specialists.