Common questions relating to Maryland Lease Extensions

  • So this is the scenario: I bought a studio flat in Maryland that I am finding difficult to sell as a result of the lease requiring a lease extension. What's your legal fee ?
  • I am the registered owner of a flat in Maryland with a leasehold unexpired slightly less than 67 years and need to extend it. Please can you clarify the next stages
  • I am looking to buy a one bedroom apartment in Maryland with a lease of 62 years but unsure how much I will have to spend to renew so I can put in an offer given to future cost of a lease extension.
  • I'm planning on purchasing a studio flat (leasehold) but the freeholder has been absent for around 15yrs. My query is would it be less expensive to try to buy the reversionary title or to get a lease extension and apply for right to manage?
  • I am looking into the costs of carrying out a lease extension for my GFF in Maryland, and would like some figures on that.
  • My leasehold flat in Maryland is up for sale and I have a hopefully firm offer. There is 79 years remaining on the lease and I want to extend the lease. How much will it likely cost to get a lease extension by, say,25 years
  • Me and my sister had entered into buying a garden flat in Maryland. I was assured that the lease had been lengthened (63 years outstanding prior to extension). The description on the listing stated "sold with a long lease". It turns out at the point of exchange of contracts we find that there has been no lease extension. The vendor supposedly has a quote but no funds to extend as a result the current owner intends to exchange and use the deposit monies for the lease extension. My question is as the lease hasn't been extended is there not a danger that Clydesdale won't lend on a lease?
  • I am in need of some help with a lease extension. I live in Edinburgh but the property in question is based in Maryland. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If somebody owns a flat with a lease of less than 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 doing it?
  • We are worried about seeking a lease extension from tricky freeholder. Notwithstanding that the correct procedures were adhered to under the 1993 Act, the freeholder still tried to charge ground rent of £300 doubling every twenty five years of the new lease. Can you help?

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