Recently asked questions relating to Spalding Lease Extensions

  • My partner has an apartment in Spalding which we are about to put on the market. The leasehold has approximately sixety nine years balance left 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 just completed on a property in Spalding and it has circa sixety five years remaining. I'd like to arrange a lease extension by twenty years
  • I acquired a maisonette located in Spalding with a leasehold unexpired of fivety four years. I am wondering about what it will cost me to extend my leasehold
  • I am the owner of a maisonnette and the freehold. My downstairs neighbours have asked for a lease extension what do I need to do?
  • I purchased a one bedroom apartment in Spalding. The start date for the lease was in 2001 for 99 years. Now I am looking to extend the lease. I am unclear about additional expenses, could you tell me please how much I should expect to spend on this?
  • We bought a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Spalding and are therefore deliberating the option of a vesting order. Is this something you can do for us?
  • We have owned a leasehold flat for approximately eighteen years. It now has 64 years left on the lease. After a year of difficult negotiations through my and, mainly, surveyor I now have an offer from the landlord. I am at a decision point on whether to accept it or go to a Tribunal and would appreciate some independent thoughts.
  • I am the registered freeholder to two flats. Someone has the lease on the lower flat in Spalding. I reside in the upper flat. I was looking at the land registry documents recently when I noticed that my flat has a lease on it. There is seventy years unexpired. If I want to do a lease extension then would I just be paying for the charges?
  • My friend knows that others in the same block had already had a lease extension, and the landlord seemed reasonable. It therefore appears worth taking risk of avoiding a formal survey and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?
  • I am currently negotiating a lease extension for my flat in Spalding 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?

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