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Want to take over the management of your building?

Our E-Learning platform has modules for leaseholders looking to manage their own building using a RTM company.

Find out more here

I want to extend my lease. What are the costs that I will have to pay?

Firstly, you will have to pay the premium for the lease extension.

Secondly, you will have to pay your landlord’s reasonable costs as they are legally entitled to. This is limited to legal and valuation costs e.g. the landlord’s valuation, legal costs of drawing up the new lease and checking your right to make the claim for a lease extension.

Thirdly, you will have to pay the legal and valuation costs for your own solicitor and valuer. If the case proceeds to the First-tier Tribunal (Property Chamber)/Leasehold Valuation Tribunal, your solicitor or valuer may charge you extra costs for representing you at the Tribunal.

You do not have to pay the landlord’s costs of going to the First-tier Tribunal (Property Chamber)/Leasehold Valuation Tribunal.

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:

Still not found the answer?

Contact LEASE to have your enquiry dealt with by one of our experienced advisers

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Department for Levelling Up, Housing & Communities.