Lease variations and extensions can be difficult and complicated process. Professional help from LWR’s team of solicitors can make things much simpler.
Modern leases have undergone a process of transformation and the long-term nature of residential leases means that those drafted in previous decades may now need amending to be brought up to date with present-day leaseholder needs or current conveyancing practices. If you are concerned that your lease may need modernising, the LWR lease variation specialists can help. Whether you are a tenant or a landlord, we will work with you to quickly and easily bring your lease up-to-date.
In other cases, tenants of flats and houses have the right to demand a lease extension. Where the lease has less than 80 years to run, it may be beneficial and more cost effective for a tenant to extend their lease. The benefits of lease extension might include a significant increase in sale value in the event of selling a property, and conversely, allowing your lease’s unexpired term to drop too low may result in a fall in the value of your property or inability to sell or remortgage.
We can assist you in the process of extending your lease quickly and easily. Where an informal arrangement cannot be agreed with the landlord or tenant then we can guide you through and assist you with the statutory procedure, formal notices and documentation required.
Contact us if you would like to discuss lease variations or extensions by completing our no obligation online enquiry form or call us on 0191 5666 500.