Top Ten Questions relating to Upper Tean Lease Extensions

  • I inherited a property in Upper Tean and it has just over seventy four years balance left. I'd like to arrange a lease extension by twenty years
  • I am in need of a rough estimate of what a lease extension will cost for a flat I would like to buy. It has seventy nine years unexpired.
  • I own a maisonnette together with the freehold. The owners of the downstairs flat have asked to extend the lease what do I need to do?
  • I would like to have my residential flat leasehold extension premium valued. The flat is in Upper Tean, and my lease will reach 66 years this Septembmer. Could you advise me about the costs and time-frame to obtain an appraisal? Also, do you represent your clients at the LVT court?
  • We invested in buying a leasehold with a freeholder who has failed to give us a counter-notice for a lease extension for our flat in Upper Tean and looking to do a vesting order. Is this something you can help us with?
  • Is it possible to talk with you about a leasehold property in Upper Tean, I am thinking of buying at auction in the next few days. The flat has a short lease and I wanted to inquire about how much it would cost to get a lease extension and for your services.
  • My property lawyers (separately handling my lease extension) said I need a licence to alter given that I wish to carry out a loft extension to my property. Is this strictly required given that I have a share of the freehold. I've informally discussed the loft conversion with my co-freeholder some time ago and he had no objection once I reassured him that if my builder damages the roof I won't expect the co-freeholder to pay for future repairs to the roof. Assuming I need formal consent should I get the licence to alter and then start the lease extension process?
  • My wife and I have been in discussion with our freeholder after having a valuation on our three bed flat in Upper Tean. We have a 69 year lease and we wish to increase this to 99. The Freeholder has provided us with a premium amount that he is happy with to accept for the extension of the lease, which we are happy with as well and wish to proceed. All we need now is a property lawyers to handle this for us. Can you please provide me what your costs would be to act on the lease extension.
  • My fiance and I are hoping to buy a flat (a three bedroom ground floor purpose built maisonette inUpper Tean with share of freehold). Throughout our search, we were always looking at flats that had at least ninety years remaining. We came across a place we liked and the selling agent assured that the lease term was not an issue. Yesterday our conveyancers told us the lease only has 75 years and therefore requires a lease extension. Should we walk away, or should we reduce our offer?
  • I am the freeholder of a property in Upper Tean where the leaseholder has requested a lease extension. Her so called valuation expert has suggested a figure of £8,000, but has upped this to £10,000 without too much effort. My valuer has come back with £12,520. She does not appear to wish to negotiate wanting to go to a FTT. If a lease extension does go to tribunal, can I deal with this myself, just armed with the valuations I have? If not, what costs would I be likely to face?
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    Lease Extensions in Upper Tean

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