FAQs concerning East Preston 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'm planning on purchasing a ground floor flat (leasehold) but the landlord has been missing for slightly less than 15yrs. My query is would it be cheaper to try to purchase the reversionary title or to get a lease extension and apply for right to manage?
  • Think I may have made an error, I am searching for a in East Preston who has Leasehold Tribunal expertise when it comes to lease extensions. Are you able to help me with?
  • I am a FTB of a leasehold flat in East Preston. The lease has just 62 years remaining and ground rent is £95. Is it possible for the homeowner to serve the Section 42 Notice and then transfer over the right to me as the purchaser 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 may be possible but will it be very time costly to the flat owner? To add to the complexity it’s the case of an missing landlord, so I am not sure how does it work.
  • My partner and I have a residential flat in East Preston with 74 years remaining. Last year we were quoted a deal to have a lease extension for a further fifty years but also uplift the ground rent from notional to a little more..plus a premium I think of about 10k. We have now decided to move forward but do we now have to start the negotiations again?
  • My fiance and I are considering purchasing a maisonette in East Preston which is a leasehold. I am enquiring as to the advantages and disadvantages of that - what happens when lease ends, how much it costs to extend it, can the freeholder of the property evict me from my own flat and prevent me from extending the lease?
  • I am looking to extend the lease on my garden flat in East Preston I am looking for a local company to calculate the premium. I have a quote from the freeholder. I would like to go forward as soon as possible, but for the right premium and fee.
  • I am the freeholder of a Edwardian property split into two apartments. I live in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current 74 years. What are my next steps?
  • Are you able to provide an estimate to extend my aunt’s lease on a maisonette in East Preston. She recently got a figure from the landlord for a lease extension but I am not sure it is reasonable.
  • Do you handle lease extensions on land? (a plot of land in East Preston with 82yrs remaining)

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