Top Ten Questions relating to Rustington Lease Extensions

  • I am looking for a lease extension on the lease on my ground floor flat in Rustington which will have 70 years unexpired lease in January. What fees apply?
  • We have seen a house for sale for £195k and we are very keen on but we've just discovered that it is leasehold. There are 798 years unexpired so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without owning the property. Any suggestions would be much appreciated.
  • I bought a ground floor flat in Rustington. The start date for the lease was in 1998 for 99 years. Now I am looking to extend the lease. I am in the dark about further expenses, could you tell me please how much I should expect to spend on this?
  • I am planning to get a lease extension and am wondering what step I have to do first, I have been previously told that I have to have the finances in place before I set the ball rolling, is this correct?
  • I am the owner of a purpose-built flat in a small block in Rustington. The leasehold interest in the apartment on a ninety five year lease which commenced on 2nd August 1980 with a set yearly rent of 45. I wish to obtain a lease extension. Is it possible for me to call someone to go through my options please?
  • I own the freehold of a couple of flats. Someone has the lease on the ground flat in Rustington. I reside in the upper flat. I was reviewing the land registry documents last night when I noticed that my flat has a lease on it. There is sixety years balance left. If I want to do a lease extension then would I just be paying for the conveyancing practitioners fees?
  • We currently own a one bedroom apartment in Rustington 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 fivety five 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? Do I contact the landlord first and will they be able to give me a cost?
  • I am currently negotiating a lease extension for my flat in Rustington 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?
  • Do you handle lease extensions on land? (a plot of land in Rustington with 82yrs remaining)
  • I'm looking for some advice with regard to a lease extension on my garden flat in Rustington. I'll be looking to do this sometime next year as we need to move at some point then. Unfortunately the current lease is now very short and therefore I'm guessing it'll be expensive to extend. I'm also thinking that I'll probably have to go down the tribunal route. Should I look to extend it now or wait until I sell my place and have it all tied in with the property sale?
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    Lease Extensions in Rustington

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