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How Does Leasehold Extension Work? If you are thinking of extending the lease on your property then it is important that you know how the process of leasehold extension works. This will enable you to plan everything properly and ensure that everything runs as smoothly as possible. So having made the decision to apply for a lease extension, what do you need to do if you face a discrepancy with your landlord. Step One: Make the Decision If you are thinking about leasehold extension, then at some point you will need to make the decision to commit to it. There are two main things you need to have in place in order to do this: you need to have owned your property for at least two years and your original lease needs to have had at least 21 years on it. Step Two: Preparation Later you will be serving notice to your landlord that you intend to extend your lease under the 1993 Leasehold Reform Act, but before you do that, it’s important to get everything in place to make the process of leasehold extension as efficient as possible. You will need to make sure you are eligible (as above) and identify the ‘competent landlord’, which will normally be the landlord you deal with on a regular basis and they will be the one with the power to grant you a lease extension. You will also need to hire specialists, including a surveyor experienced in leasehold extensions to reduce a valuation report on your property and specialist leasehold extension solicitors who will be able to guide you through the process and help you compile all the information you need to give to your landlord. Step Three: Serving Notice Once you have all your preparations in place, your solicitors will serve notice on your landlord that you intend to extend your lease by 90 years. As long as you have done everything correctly up to this point, they shouldn’t have any objections to your claim for an extended lease as it is your legal right. Step Four: The Price You will then need to agree a price with your landlord in order to achieve lease extension. Bear in mind that if you have less than 80 years unexpired on your original lease, this will increase the cost. You will also have to pay your landlord’s reasonable costs. If you are unable to agree between you, then you will need to refer the case to a Leasehold Valuation Tribunal, where the dispute will be settled. Looking For Specialist Leasehold Extension Solicitors? Wherever you live in the UK, for a FREE initial telephone consultation on extending your lease,either ; • call our Lease Extension Solicitors on [01722] 422300 • or e-mail advice@enfranchisementsolicitors.co.uk

FREE Initial Advice Initial legal advice from our solicitors for  leasehold enfranchisement, lease extension and right to manage cases is FREE. 01722 422300 01722 422300 or via email . Don't just take our word for it... ? Click here to see what our clients say about our lease enfranchisement solicitors . Specialist Group ? Our lease extension and enfranchisement solicitors are members of the Association of Leasehold Enfranchisement Solicitors .