Lease Extensions

Our Residential Property solicitors advise and deal with residential lease extensions.

How we can help

When you purchase a leasehold property, you acquire the right to live in the property for a set period of time. For example, the lease could be granted for a period of 99 years or 125 years, or other period, as agreed between the parties at commencement of the lease, and as the years pass, the term of the lease reduces. This can make it harder to sell or lend against the property.

The statutory right to request a lease extension generally starts once you have owned the property for two years. If you are thinking of selling a property which has a relatively short lease, you may wish to consider obtaining and completing a lease extension prior to marketing the property, as this may make a difference to the market value.

There are two ways of extending a lease – an “Informal” route by way of an agreement between you and the Landlord/Freeholder or a statutory lease extension under the Leasehold Reform Housing and Urban Development Act 1993.  The Informal Route involves settling the amount to be paid to the freeholder by way of negotiation between the parties. 

Our Residential Property lawyers can guide you through your lease extension if you have already agreed terms of the lease extension and premium to be paid.

However, if an agreement cannot be reached it will be necessary for you to proceed by way of a statutory lease extension which involves obtaining a valuation from a suitable surveyor and the service of a notice as required by legislation.  The statutory route can include a referral to the First Tier Tribunal (Property Chamber) if the terms cannot be agreed and we would advise you seek specialist legal advice.

For commercial lease renewals and Landlord and Tenant service of notices, please contact our Commercial Property lawyers.

Our Residential Property Team

Director, Head of Department & Solicitor
Freddie graduated from Newcastle University in 1992 with an Honours Degree in Combined Studies, focusing on history and politics…
Mary qualified as a solicitor in 1999 after attending the University of Lancaster and the College of Law. She was working in conveyancing prior to qualifying as a solicitor…
Licensed Conveyancer
Wendy Petrie is a Licensed Conveyancer in the Property Department…
Gaby graduated with Honours in her Law degree from the University of Southampton 2019. She then went on to complete the Legal Practice Course and her Master’s degree in Law…
Andrew graduated from Bournemouth University in 2023 with a degree in Law…

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