Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
Generally, you will be a qualifying tenant, if your lease was more than 21 years when originally granted and you have been the registered owner of your flat for 2 years. Please note that if your freeholder is the Crown, National Trust or part of a building within a cathedral precinct your flat might be excluded from the right to extend your lease but specialist advice should be taken. Shared ownership leases will not qualify unless they have staircased to 100%.
Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
More information you might find useful:
- How long do I have to wait before I have the right to extend my lease?
- Lease Extension – Getting Started
- More Frequently Asked Questions on Lease Extension
- Lease Extension Calculator
- Lease Extension case law
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers