Melbourne Lease Extension - Your Legal Fees Calculator
FAQs concerning Melbourne Lease Extensions
Hello, I stumbled upon this website. I'm looking for prices on what it cost to extend a lease of a ground floor flat located in Melbourne. It's on the market at the moment but has roughly seventy six years left on the lease
I have an interest in the freehold of 2 blocks of flats comprising of 8 flats each. 2 of the leasehold owners want to extend their leases and I'm enquiring about the the process
My partner has a flat in Melbourne which we are about to put on the market. The leasehold has nearly seventy three years unexpired on it and we are concerned this will come up for anyone who may be interested. I am after more information on how we commence arranging a lease extension? Thank you.
I own a property in Melbourne and it has about 75 years unexpired. I'd like to extend the lease period
I need to extend my current lease can you help me with that? I think it has sixety six years outstanding
I intend to buy a one bed flat in Melbourne for asking price of 145k, which has seventy years lease left on it. I appreciate that ideally, the seller would start the process by serving a section 42 notice to start the lease extension process but the seller is refusing to assist. My query is: If the freeholder does not agree to a marriage value (part of lease extension fees) of a valuer, how lengthy and difficult is the process of going down the route of Leasehold Valuation Tribunal?
Coming up to 2 years that I have owned my two bedroom first floor purpose built flat in Melbourne. I have seventy one years unexpired lease on the lease. I am now wanting to buy a share of freehold or extend my lease. I acquired the property for 320K, it is now roughly 450k. I understand that 90 years is the period most people extend. I spoke to my solicitors about the process, he answered most of my questions but just have one left: I realize this will cost me 10k+, it is not easy to drop the cash (even if I may have savings) to cover it. What do most people do in terms of funding the lease extension - do they add it to their existing mortgage or pay it out in cash?
I own the freehold of a one bedroom flat in Melbourne. The leaseholders have sixety four years on a lease and wants to purchase another 90 years. The have offered me 25k. Is this around the right price?
I own the freehold reversion of a property in Melbourne and a leaseholder would like a lease extension. Her so called valuation expert has given a figure of £8,000, but has increased this to £10,000 at the drop of a hat. My surveyor has suggested a much higher figure. Negotiations have broken down so it looks at though we need to go to LVT. If a lease extension does go to tribunal, can I handle the matter myself, just armed with the valuations I have? If not, what fee would I be likely to incur?
I am planning on refinancing my garden flat in Melbourne and the bank that I am looking to move to requires a minimum 80 years on the leasehold of my property in order for them to progress matters. We currently have around seventy one years on the leasehold so looking for some help, guidance, and some quotes to start the lease extension process