Lease Extension for Landlords
If you are a landlord it is likely that at some point you will be approached by your tenant to extend their lease. This can be welcomed news if you are happy with your tenant, but what happens if you decide to sell the property or choose to decline the lease extension.
Regardless of your landlord scenario, whether you have a property portfolio or are an accidental landlord, Attwells Solicitors can help.
How can Attwells help landlords?
We are litigation experts in the heart of East Anglia and in London. Attwells can act on behalf of landlords to either record the terms of the agreement or to challenge the claim for an extension. Attwells are committed to achieving the best possible outcome for our clients, in the shortest amount of time and will keep you fully informed throughout the process.
As a firm Attwells Solicitors specialise in property law, making Attwells Litigation department an authority in complexities of the lease extension process, leasehold enfranchisement and debt recovery. Should you need advice from a surveyor we ideally positioned within the legal sector to refer you to a specialist who can calculate the premium payable and carry out negotiations on your behalf.
If you agree to extend your tenant’s lease then the process is straightforward. We can help you record this or negotiate it as necessary before ensuring proper registration at the Land Registry.
The Leasehold Reform, Housing and Urban Development Act 1993 (as amended) enables tenants to extend their lease by 90 years in addition to the current unexpired term at a nil ground rent (£0), in return for paying the Freeholder a premium.
As a Freeholder it is important that your Counter-Notice is in the proper format and served correctly. We have experience drafting Counter-Notices, challenging claims for enfranchisement, negotiating favourable terms for Landlords, and defending claims at the First-tier Tribunal (Property Chamber).
How much will the legal fees be?
At Attwells we offer all our clients transparent pricing and will always fully discuss hourly rates or fixed fees with you. We also offer monthly landlord retainers, were for a monthly fee, Attwells can support you with many aspects of landlord law including reviewing documents and drafting contracts.