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How does a lease extension work?
Before diving into lease extensions, it’s useful to understand the definitions of a lease. A lease is a legally enforceable agreement between a lessor - usually a landlord - and the lessee - the tenant. Leases are different from freehold properties as the interest from a lease is outlined by a specific period of time. This is usually in the form of rental payments or a lump sum payment at the start of a lease.
Everything you need to know about Section 5 notices.
Section 5 notices are designed to make things fairer for tenants of leasehold flats or apartments, should the freehold landlord sell. Understanding what a Section 5 notice is and how it potentially affects you as a leasehold tenant is critical. We're here to help you understand everything you need to know about this matter.
A guide to lease extensions
Whether you're a landlord or tenant, it’s important to know your rights and how the lease on a property could change over the course of a contract. Read more!
Explaining common landlord & property rental terms
A lease extension is a way to extend the years of the lease so that the person leasing the property can stay there for longer. To find out more, read on!
The Cladding Crisis.
We are currently facing two massive hurdles that the government needs to overcome. One is leasehold reform, the other is cladding.
Working With Leasehold Specialists.
Especially on matters such as lease extensions. Instructing the wrong surveyor, someone who perhaps doesn’t even specialise in the matter, can cost thousands of pounds in itself.
5% mortgages.
Johnson’s government this week unveiled plans to help tens of thousands of young people onto the property ladder by introducing a new mortgage guarantee scheme. He said “Young people shouldn’t feel excluded from the chance of owning their own home”.
Buying a short lease flat? Read this.
Important things to look out for when considering the purchase of a leasehold flat.
