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- Lewis and Dick are well established Solicitors in Surrey & Sussex
- Call UsEwell: 020 8393 0055
Crawley: 01293 526031
- Email atewell@lewis-dick.com
crawley@lewis-dick.com
- Office HoursEwell: 9.00am to 5.00pm
Crawley: 9.15am to 5.00pm
We specialise in lease extensions in Kingston
At Lewis & Dick, we specialise in lease extensions in Kingston
1. Why Extend Your Lease?
If your lease has less than 70 years left, many mortgage lenders will require a lease extension. Additionally, be aware that the cost of extending the lease increases when it drops below 80 years, so even with 80-85 years left, you might want to consider an extension. Therefore, if you have a leasehold property in Kingston, we can help you extend your lease.
2. How to Extend Your Lease – The Formal Approach
To qualify for a lease extension, you must have owned the property for at least 2 years. Here’s the process:
• Serve a section 42 notice, outlining your proposed price for the lease extension.
• The landlord has two months to respond to the notice.
• If no agreement is reached, there’s a 6-month window to apply to court for a price determination.
• If neither party takes action, the notice expires for 12 months.
• When an agreement is reached, the landlord must grant a 90-year extension at a nominal rent.
3. Other Options
A. You can ask your landlord for terms and extend the lease informally, but this often results in a less favourable deal.
B. Legislation allows tenants to collectively acquire the freehold of their estate, which can be cost-effective if multiple leases need extension.
4. Lease Extensions in Kingston
Right to buy leases in Kingston upon Thames typically need extension now as they run for 125 years from 1982. Kingston Council only extends leases formally through a section 42 notice. Contact us for assistance with Kingston Council lease extensions.
5. Lease Extensions in Epsom and Ewell
Leases granted by Epsom and Ewell Borough Council, especially under right to buy, often require extensions. We can help you obtain quotes and finalise lease extensions, typically following an informal approach with Town and Country Housing Association (formerly Rosebery).
