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Lease Extensions

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Whether you are a landlord or a tenant who is unsure whether you have the right to extend your current lease, we are here to help. Whatever your situation, our experienced and specialist team can offer the right advice and support.

As a tenant, you may be wondering if you are able to extend your lease. The answer will usually be yes, with a few exceptions:

  • The property must be held under a long lease of at least 21 years, and
  • You must have owned the lease for two years or more

If you are a tenant considering extending your current lease, there are potentially several benefits, such as:

 

  • The property is likely to increase in value
  • You would be in a better position if you decide to re-mortgage in the future
  • The property would be difficult to sell if the remainder of the lease only covers a short period

Ackroyd Legal is correctly geared to take care of your lease extension process including working with independent chartered surveyors to value your lease.

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Head Office of Ackroyd Legal (London) LLP
Registered office of Ackroyd Legal Ltd.

16 Prescot Street,
London, E1 8AZ

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Ackroyd Legal is a trading style/name of Ackroyd Legal (London) LLP , which is authorised and regulated by the Solicitors Regulation Authority, SRA No. 554585  and is a LLP registered in England & Wales, Company No. OC360125; VAT no. 445717436;