I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
Leasehold Extension - Getting Started
An outline of the right to extend the lease of a flat under the Leasehold Reform Housing and Urban Development Act 1993.
You will be responsible for your landlord’s reasonable costs. 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.
You do not have to pay the landlord’s costs of going to a First-tier Tribunal (Property Chamber).
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:
- I am a freeholder. The lessee is going to pay me a premium to extend his lease. Am I going to pay any tax on it?
- Lease Extension – Getting Started
- Application to the First-tier Tribunal (Property Chamber)
- Application Form – Application for Determination of Reasonable Costs – Flats and Premises
- I am in dispute with my landlord but I do not want to go to Court or Tribunal. Is there an alternative?
- More Frequently Asked Questions on Lease Extension
- Lease Extension Calculator
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