Machen Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Machen Lease Extensions
I need to extend my existing lease can you help me with that? I think it has seventy two years remaining
I want to buy a leasehold property and extend the lease. The owner has been there for four 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 bought a 2 bed flat located in Machen with a leasehold unexpired of 55 years. I am enquiring about what I will need to spend to extend my lease
I am the owner of a maisonnette and the freehold. My upstairs neighbours have asked to extend the lease what do I need to do?
I would like to have my residential flat leasehold extension premium assessed. The flat is in Machen, and my lease will reach sixety two years this January. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
I am going to purchase a flat located in Machen. The offer is conditional upon a lease extension. The seller’s conveyancers has served the Notice of Claim. Once this notice has been accepted by the freeholder, it is possible for the lessee to assign the benefit of that notice to me, the buyer, so that the buyer “stands in the shoes” of the Lessee, so to speak. I was wondering if this could be a problem for the mortgage lender Chelsea Building Society. Moreover, which are the following lease extension steps to complete the purchase?
How much will I need to spend and what is the best way to start the lease extension process? I have roughly seventy six years unexpired lease on my lease on a one bedroom apartment in Machen. I have called the agent who represent the head landlord and they sent me the number of the valuer. I telephone the surveyor but I am not receiving any calls back.
If a leaseholder owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
My nephew is worried about getting a lease extension from a difficult landlord. Notwithstanding that the correct procedures were adhered to under the 1993 Act, the freeholder still tried to get ground rent of £200 increasing by 100% every twenty five years of the new term. Can you assist?
I am currently negotiating a lease extension for my flat in Machen 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?