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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?
User FAQs
If I own the lease of a flat above a commercial premises such as a shop or restaurant am I entitled to extend my lease or purchase a share of the freehold?
You can extend your lease provided you qualify but it is not possible to buy the freehold under the Leasehold Reform, Housing and Urban Development Act 1993 where more than 25% of the internal floor area (excluding common parts) of the building is in non-residential use. It may be possible to buy a share of the freehold by negotiating with your landlord.
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