Our specialist property lawyers can advise you through the minefield of legislation and regulation in connection with the extension of a residential property lease. The process for applying for and obtaining an extension of the period of a long residential lease can be tricky. The rules are strict and rigorously adhered to whether it’s in relation to the notice or the counter-notice. Our dedicated property lawyers at BTMK work hand-in-hand with our litigation team and deal with all of the following:
- Assessing the qualifying criteria
- Instructing a suitable valuer to determine the value of a lease extension;
- Preparing and arranging for service of the Notice or Counter-Notice on the opponent and any interested parties that must be served;
- Litigating contested lease renewals in the First Tier Tribunal (and beyond if necessary), relating to effective service of the Notice/Counter-Notice, valuation issues or any other issue arising out of the lease extension
- Drafting or Reviewing a replacement lease and securing registration
- Dealing with lenders throughout the lease extension process
Our experienced property lawyers and our litigation team have advised on large numbers of lease extensions, including those with complex backgrounds such as absentee freeholders and those with particularly high-value premiums in prime areas of London.
