Questions and Answers: Allendale Lease Extensions

  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • I inherited a studio flat in Allendale. The lease commenced in 1998 for 99 years. Now I am looking for a lease extension. I am in the dark about additional expenses, could you tell me please how much I should expect to spend on this?
  • We hope to sell our three bed flat in Allendale but we may need to extend the lease, or at least cover the costs of our purchaser. Are you able to suggest a lawyers to help us?
  • Ref a leasehold in Allendale. upper maisonette. fivety nine yrs unexpired. I have negotiated a lease extension price of £14k for 135yrs. Landlord also requested Section 42 Notice which I think is a tad over the top. Can you assist.
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously told that I have to have the finances in place before I initiate the process, is this correct?
  • I am hoping to extend the lease on my studio flat in Allendale I am looking for a local company to calculate the premium. I have a premium value that the freeholder has given me. I would like to go forward as soon as possible, but for the right premium and fee.
  • Hi I own the freehold interest in a 3 bedroom flat in Allendale. The leaseholder has a fivety seven year lease and would like to purchase further 90 years. He is offering me £18,000 but I am unsure if this is in the right ballpark
  • I own the freehold to two flats. Someone has the lease on the ground flat in Allendale. I live in the top flat. I was reviewing the land registry documents recently when I noticed that my flat is leasehold. There is 62 years balance left. Is it possible to carry out a lease extension without instructing a conveyancers?
  • My and my fiance know that others in the same building had already had a lease extension, and the freeholder was reasonable. Therefore is seems worth taking risk of not having formal valuation and calculate the initial offer on previous prices . This would save on double valuation fees. Would you suggest such a course of action?
  • We have a garden flat in Allendale with a lease of fivety nine years left with a value of around £370000 we want to add 90 years to it, how much is that likely to cost?
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    Lease Extensions in Allendale

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