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Frequently Asked Questions
- I own a leasehold house. How much will the freehold cost?
- I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
- How can I buy the freehold of my building?
- How long can I extend my lease for?
- Why do I have to extend my lease?
- I own a leasehold house. How do I buy the freehold?
- What will it cost to apply to the Leasehold Valuation Tribunal (LVT)?
- What happens if we cannot agree on how much the lease extension should cost?
Frequently Asked Questions
What happens when my lease runs out?
The fact that the lease has expired does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the tenancy it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord For the tenancy to actually come to an end either:
- you formally surrender the tenancy if you choose to do so, or:
- the landlord serves a prescribed notice on you to gain possession of the property. The landlord will need a court order to gain possession of the property, or:
- the landlord may serve a prescribed notice proposing an assured periodic tenancy, where you pay a monthly rent.
If none of the above have occurred you are still holding over as a tenant and it may still be possible to extend the lease or buy the freehold.
More information you might find useful:
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