Leasehold Extension - Valuation
An outline of the valuation principles to determine the price for extending a lease of a flat under the Leasehold Reform Housing and Urban Development Act 1993.
Your original claim notice under should have included a date by which the landlord had to reply to your notice. This date should be at least 2 months from the date of service of your notice on the landlord.
If your landlord does not respond within this time or responds late then you can apply to the County Court for a lease extension as the landlord looses his rights.
If you are successful, the court will grant the extension on the terms set out in the claim notice within 6 months from the date the counter-notice was supposed to be given.
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:
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