Betws Y Coed Lease Extension - Your Legal Fees Calculator
Frequently asked questions relating to Betws Y Coed Lease Extensions
I want to acquire a leasehold property and extend the lease. The homeowner has been there over 2 years and will sign the notice. He will let me have the notice on exchange and then I will serve it in the landlord. Is this OK ?
Hi. I need a solicitors to review my lease extension ahead of it being completed just to ensure there's nothing that I haven't seen - it's just a reissue with a few minor changes.
We are in a block consisting of five flats in Betws Y Coed and have been offered to buy the freehold for 7k per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
In 2010 I purchased a leasehold apartment in Betws Y Coed. I have built a big extension and have not informed my leaseholder. What should I do?
My wife and I have a ground floor flat in Betws Y Coed with 73 years to run. Ten months ago we were quoted a deal to have a lease extension for a further 25 years but also uplift the ground rent from nominal to £250 per annum..plus a premium I think of about 16k. We have now decided to move forward but do we now have to start the negotiations again?
I own a share of the freehold. There are five flats in the block. All the leaseholders are now seeking lease extensions. What are the timescales to grant a lease extension?
Just a quick question, how much are the legal fees for a lease extension on a residential property in Betws Y Coed for a two bed flat - section 42 having been issued?
I am the freeholder of a property in Betws Y Coed and a leaseholder has requested a lease extension. Her valuer has given a figure of £8,000, but has upped this by £2,000 at the drop of a hat. My valuer has recommended a much higher premium. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to incur?
I am currently negotiating a lease extension for my flat in Betws Y Coed as it is coming up to the 80 year mark. As I understood it, if you extend your lease by the 90 years available, you pay a premium (£thousands) but the ground rent is reduced to a peppercorn. I am now told that I have to continue paying ground rent. I thought the major cost of a lease extension was to compensate the freeholder as they wouldn't be collecting ground rent anymore?
I'm looking for some advice with regard to a lease extension on my ground floor flat in Betws Y Coed. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?