City Of London Lease Extension - Your Legal Fees Calculator
Questions and Answers: City Of London Lease Extensions
I purchased a flat in City Of London with a leasehold unexpired approximately fivety five years and need a lease extension. Please can you clarify the next stages
I want to acquire a leasehold property and extend the lease. The seller has been there over two 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 ?
I own a maisonnette and the freehold of both flats. The owners of the upstairs flat have asked to extend the lease what do I need to do?
I would like to have my residential flat leasehold extension premium valued. The flat is in City Of London, and my lease will reach 78 years this November. Could you advise me about the costs and time-frame to obtain your valuation? Also, do you represent your clients at the Tribunal court?
I have contacted my freeholder to extend my lease for my flat in City Of London. Her conveyancing practitioners has been in contact concerning fees etc. I need an estimate for dealing with the legalities to secure a lease extension. The apartment currently has a 99 YR lease which started February 1984.
I am a FTB of a leasehold flat in City Of London. The lease has only fivety nine years outstanding and ground rent is £25. Is it possible for the owner to serve the Section 42 Notice and then transfer over the right to me as the buyer once I complete the buying process so that I can avoid waiting for the two year requisite period before I can apply to for a lease extension or have to deal with all this expense later? I have read this is legal but will it be very time costly to the seller? Unfortunately it’s the case of an absent landlord, so I am not sure how this will play out.
I wondered if you could help me on how much it would financials and the best way to get a lease extension started? I have nearly 68 years outstanding and I own a one bedroom apartment in City Of London.
I own a share of the freehold. There are five flats in the house. All the leaseholders are now looking for lease extensions. Are you able to assist us with this situation?
Coming up to 2 years that I have owned my studio flat in City Of London. I have seventy three yrs left on the lease. I am now wanting to purchase a share of freehold or extend my lease. I purchased the property for 350K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancers about the process, he answered most of my questions but just have one left: Is there a benefit in getting a City Of London based lawyers or any will do fine?
I am currently negotiating a lease extension for my flat in City Of London 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?