Extending your Lease

If your lease was longer than 21 years when it was originally granted and you have been the registered owner for a period greater than 2 years, you will qualify to serve a statutory notice under the Leasehold Reform, Housing & Urban Development Act 1993, as amended by the Commonhold & Leasehold Reform Act 2002, to obtain a 90-year lease extension. This new lease will be granted with a Peppercorn annual Ground Rent.

We will need to provide you with a valuation to identify the likely cost of extending your lease. This will also identify the initial offer that would be inserted in the statutory notice. We will then negotiate the premium to extend your lease.

You will also need to instruct a Solicitor to draft and serve the statutory notice. They will also agree the format of your new lease.

In the event you do not proceed with the claim, you cannot re-apply to extend your lease, for a period of 12 months.

You will be liable for the Superior Landlords recoverable costs. Essentially, you are obliged to pay their valuation fee and legal fees, to grant your new lease.