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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 are the implications of buying a leasehold house?
A lease is a contract between the leaseholder and the landlord giving conditional ownership of the house for a fixed period of time e.g. 99, 125 or 999 years. As a leaseholder you are not entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’s consent to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate.
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