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.
The following applies only if you have formally agreed a lease extension with the landlord. There are strict time lines set out in the law that each party must comply with.
If a new lease has not been entered into within 2 months of the agreement or Tribunal decision, either party can make an application to the County Court for an order to deal with the conclusion of the lease extension.
This application must be made within 4 months of the date of the agreement or the decision of the Tribunal.
More information you might find useful:
- Lease Extension – Getting Started
- Application to the First-tier Tribunal (Property Chamber)
- More Frequently Asked Questions on Lease Extension
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers