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.
Are you a tenant?
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
Benefits of extending your lease
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
Why choose us
Ackroyd Legal is correctly geared to take care of your lease extension process including working with independent chartered surveyors to value your lease.
DO YOU NEED HELP?
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RELATED INSIGHTS
MEET OUR PROPERTY TEAM
Peter Benjamin >
Head of Residential Conveyancing
Geoff Karikari >
Rachel Prosser >
Janet Massey >
Mehmet Uzunoglu >
Diane Palfrey >
James Shepherd >
Karen Webb-Jones >
Shaun Anderton >
