Lease Renewal Advice

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A leasehold interest in a residential property is only granted for a period of time, typically 125 or 99 years.

Many mortgage lenders will not lend money on a property with a short outstanding term remaining on the lease and this affects the lease's value.

There may be provisions which entitle the leaseholder to renew or extend their lease term. This often involves negotiation with the Landlord or Freeholder.

We are able to advise on this complex area, provide valuations for both leaseholders and freeholders, and if necessary enter in to negotiations on behalf of our clients.