For all your lease enquiries and freehold issues
Leasehold and freehold property transactions can be complex and involve complicated procedures related to valuation and entitlement. We regularly act for both tenants and landlords, and are therefore ideally placed to:
- Comprehensively explain all the key terms and procedures, so you clearly understand your options.
Help you navigate the complex legislation
Provide practical advice at each stage
We are experienced in dealing with all types of leasehold scheme, with particular expertise in leaseholds for the local Tyneside flats. Similarly, since the Commonhold & Leasehold Reform Act 2002, tenants of houses are able to buy the freehold from the landlord after two years’ ownership. We are more than happy to assist you through this process with clear, expert knowledge throughout.
The long-term nature of residential leases means that agreements drafted in previous decades may no longer be in line with present-day leaseholder needs or current conveyancing practices. We can work with both tenants and landlords to quickly and easily bring your lease up-to-date and ensure compliance with the latest regulations.
Where a lease has less than 80 years to run, it may be beneficial and more cost-effective for a tenant to extend their lease. A lease extension could significantly increase the property’s sale value, while allowing an unexpired term to drop too low may decrease the property’s value, or make it impossible to sell the property or remortgage it. Where an informal arrangement cannot be agreed with the landlord or tenant, we can guide you through the statutory procedure, and advise on the formal notices and documentation required.
Right to Manage
If you live in a block of flats, and feel that the service charges and management fees are too high, or that management of the building is poor, you can choose to exercise your Right to Manage. This allows you and your fellow tenants to take over management of the block or buy the freehold collectively from the landlord.
If you would like to take advantage of the Right to Manage scheme or pursue collective enfranchisement, we can support you through the process. We will assist with setting up the tenants’ company, and will guide you the informal or formal statutory procedures and all documentation involved.