If you are running into issues when trying to sell your property, simply because you have a low remaining lease term, our team is here to offer guidance.
There are a few options available to you, the first being informal negotiations with the landlord to extend your lease term. However, you will find that there aren’t any set rules in place, meaning that the landlord can choose to refuse or set their own terms as they see fit.
Alternatively, you can choose to take the statutory route; this involves serving the Tenants Notice, which by right adds an additional 90 years on to what remains of the existing lease at a ‘peppercorn rent’.
Professional Lease Property Advice
Getting a lease extension can be time consuming process, so for those in need of a faster sale, arrangements can be made with the buyer where you agree to serve the Tenants Notice upon completion. By doing so, this assigns the benefit over to the buyer, bypassing the standard 2 year waiting period to qualify themselves.
VoiceLegal highly recommend appointing a valuer and solicitor, with the relevant knowledge, to help achieve a successful application.
VoiceLegal Are Lease Property Specialists
We have a team of certified legal professionals on hand to offer advice on a range of property matters and we provide country-wide support to clients throughout England and Wales.
Confidentiality is guaranteed when you speak to the staff here at VoiceLegal and since we do not operate a call centre approach to communication, clients are able to make direct contact with our independent, friendly solicitors by phone or email.
VoiceLegal has combined legal experience that spans more than a century, with every one of us being trained and certified to carry out services as required by law.
To contact us, please call 03333053774 or get in touch via our website – firstname.lastname@example.org