Lease Extensions in Melbourne

FAQs concerning Melbourne Lease Extensions

I have shares in the freehold of 2 blocks of flats comprising of six flats each. 2 of the leaseholders want a lease extension and I'm enquiring about the procedure for this

I inherited a property in Melbourne and it has about fivety five years balance left. I'd like to arrange a lease extension by twenty years

Hi. I need a to review my lease extension before it's formalised just to ensure there's nothing that I haven't seen - it's just a surrender and regrant with a few small changes.

I am about to put an offer in on a garden flat in Melbourne with a lease of 62 years but have no idea how much it will cost me to renew so I can put in an offer given to future cost of a lease extension.

My mortgage provider requires several hundred pounds for their for a "deed of substituted security" for the lease extension for my flat in Melbourne... I am unable to find any reference of this in my mortgage contract... is this a usual fee to pay?

I intend to buy a one bed flat in Melbourne for asking price of 125k, which has sixety nine years lease left on it. Seller doesn't want to extend the lease for even if I were to pay the money to the seller. My query is: If landlord does not agree to a marriage value (part of lease extension fees) of surveyor, how lengthy and easy is the process of going down the route of Leasehold Valuation Tribunal?

I'm living with my parents but have a one bed flat in Melbourne let out which has a sixety one year lease. Mortgage broker said I can remortgage as a buy to let instead of consent to let and release 55-60k which on top of a new mortgage based on my income. Not much about in Melbourne for me to get my own place. If I sell I will only get 150-160 due to tenant (8 months left on AST) and lease. A lease extension will cost 19k. Not sure sure whether to hold on or sell the flat?

Even though I may not need a lease extension but I do require a vesting order on a property I want to buy in Melbourne. The house is freehold but the garden is officially leasehold, Nine hundred and ninety nine year lease from 1895. Its the garden area.

I require an estimate to extend my aunt’s lease on a garden flat in Melbourne. She recently got a price from the landlord for a lease extension but I am unclear whether it is reasonable.

We currently own a 2 bed flat in Melbourne and are looking to sell it this year so we can carry out some improvements on our family home. I checked the lease and it has seventy years left. Not sure what to do, have read some bits on the web saying it will be 15k plus to get a lease extension. Can you offer some advice on this? Should I contact the landlord first and will they be able to give me a cost?

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