If you obtain a lease extension under the Leasehold Reform, Housing and Urban Development Act 1993 you will only have to pay a “peppercorn rent” which will mean no ground rent at all. If you extend your lease by negotiation with your landlord you may still have to pay ground rent depending on what you agree.
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:
- Lease Extension – Getting Started
- More Frequently Asked Questions on Lease Extension
- Lease Extension Calculator
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Contact LEASE to have your enquiry dealt with by one of our experienced advisers