Frequently asked questions relating to Market Drayton Lease Extensions

  • I own a flat in Market Drayton with a leasehold unexpired nearon 73 years and need to extend it. Please can you clarify the next stages
  • I have shares in the freehold of buildings comprising of six flats each. Two of the leaseholders want a lease extension and I'm curious about the procedure for this
  • 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 have a leasehold flat in Market Drayton. I have built a big extension and have not informed the leaseholder. What are my options?
  • Are you able to advise on the likely cost and the best way to get a lease extension started? I have approximately seventy four years unexpired lease and I own a garden flat in Market Drayton.
  • My wife and I have a first floor flat in Market Drayton with sixety one years left. Ten months ago we were quoted a deal to grant a lease extension for another thirty years but also increase ground rent from nominal to a little more..plus a premium I think of approximately 10k. Finally we have decided to move forward but do we now have to start the negotiations again?
  • I am planning to get a lease extension and am wondering which step I have to do first, I have been previously advised that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the freeholder of a Georgian property split into two flats. I reside in the upper flat and my neighbour in the lower flat. My neighbour has approached me for a lease extension from the current seventy nine years. What are my next steps?
  • Hopefully an easy question for you, how much is the premium payable for a lease extension on a residential property in Market Drayton for a two bed flat - sec 42 is already in place?
  • Do you handle lease extensions on land? (a plot of land in Market Drayton with 82yrs remaining)

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Market Drayton