Lease extensions

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Lease extensions

Why would someone require lease extension solicitors?

Homeowners seeking to extend the lease on their home or investment property often require the expertise of lease extension solicitors. Extending a lease can significantly enhance the value of a property, especially if done before the lease drops below 80 years remaining. At this point, a “marriage value” premium may be imposed by the landlord, leading to higher costs for the extension. Lease extension solicitors can navigate the complexities of this process, ensuring homeowners achieve the best possible outcome.

How does the process work/what are the steps with lease extension solicitors?

To be eligible for a residential lease extension, a tenant must have owned the property for at least two years, and the original lease must have been granted for a minimum of 21 years. The process, guided by lease extension solicitors, involves obtaining a formal property valuation from an experienced surveyor, followed by serving an Initial Notice on the landlord, proposing a price for the lease extension. If the landlord disagrees with the proposed price, negotiations ensue, potentially leading to a decision by the First Tier Tribunal (Property Chamber) if an agreement cannot be reached.

Is it expensive?

The cost of engaging lease extension solicitors varies based on the complexity of the lease extension and whether the process is amicable or requires statutory procedures, including tribunal involvement. In addition to their own legal and surveying fees, tenants are responsible for covering the landlord’s related costs, though not the landlord’s tribunal fees.

Why are Grant Saw’s lease extension solicitors the best for the job?

Grant Saw’s residential property team, comprising experienced lease extension legal experts, has a successful track record of acting for both landlords and tenants in lease extension matters. Our comprehensive service includes negotiation and, if necessary, litigation support through our in-house litigation department for tribunal cases. Our expertise ensures a smooth and effective lease extension process, tailored to each client’s specific needs.

For more information, please email us or leave your details here and we will call you at a time that suits you.

https://grantsaw.com/grant-saw-secure-bronze-at-the-2022-estas

Meet the Residential Property team
Ray Crudgington
Managing Partner
Managing Partner
greenwich
02083054224
ray.crudgington@grantsaw.co.uk
Maria Lati
Maria Lati
Partner
Partner and Head of Residential Property
blackheath
02083054229
maria.lati@grantsaw.co.uk
Mike Clary
Family
Partner and Head of Family
greenwich
02083054237
mike.clary@grantsaw.co.uk
Kalpa Prajapati
Partner
Partner and Head of Private Client
blackheath
02083053536
kalpa.prajapati@grantsaw.co.uk
Mario Savvides
Commercial Property
Partner and Head of Commercial Property
greenwich
02083053531
mario.savvides@grantsaw.co.uk
Sarah-Kate Jackson
Litigation
Partner and Head of Litigation
greenwich
02083054236
sarah-kate.jackson@grantsaw.co.uk
Adina-Leigh Collins
Litigation
Solicitor
greenwich
02083053556
adina-leigh.collins@grantsaw.co.uk
Aimal Gram
Commercial Property
Solicitor
greenwich
02083053524
aimal.gram@grantsaw.co.uk
Aisha Mohammed
Aisha Mohammed
Residential Property
Professional Support Lawyer
greenwich
02083054228
aisha.mohammed@grantsaw.co.uk
An Le Tran
Commercial Property
Professional Support Solicitor
greenwich
02083054226
anle.tran@grantsaw.co.uk
Ana-Maria Badeanu
Ana-Maria Badeanu
Corporate and Commercial
Solicitor
greenwich
02083053539
ana-maria.badeanu@grantsaw.co.uk
Angela Shaw
Angela Shaw
Private Client
Solicitor
blackheath
02083054234
angela.shaw@grantsaw.co.uk
Angus Young
Litigation
Solicitor
greenwich
02083054225
angus.young@grantsaw.co.uk
Atifha Aftab
Atifha Aftab
Family
Solicitor
greenwich
02083054238
atifha.aftab@grantsaw.co.uk
Bimal Kotecha
Litigation
Solicitor
greenwich
02083053523
bimal.kotecha@grantsaw.co.uk
Charlotte Warren
Charlotte Warren
Private Client
Solicitor
blackheath
02083054231
charlotte.warren@grantsaw.co.uk
Claire Mac Mahon
Litigation
Solicitor
greenwich
02083053537
claire.macmahon@grantsaw.co.uk
Deborah Taite
Residential Property
Solicitor
blackheath
02083053542
deborah.taite@grantsaw.co.uk
Emily Pearce
Residential Property
Solicitor
greenwich
02083053526
emily.pearce@grantsaw.co.uk
Georgia Beales
Litigation
Paralegal
greenwich
02083054206
georgia.beales@grantsaw.co.uk
Jeremy Brooks
Jeremy Brooks
Private Client
Solicitor
blackheath
02083053534
jeremy.brooks@grantsaw.co.uk
Joanna Godden
Notary Public
Notary
greenwich
02083083627
joanna.godden@grantsaw.co.uk
Lauren Smith
Employment
Paralegal
greenwich
02083053543
lauren.smith@grantsaw.co.uk
Maleeha Iqbal
Residential Property
Licensed Conveyancer
greenwich
02083054232
maleeha.iqbal@grantsaw.co.uk
Mandeep Clair
Family
Solicitor
greenwich
02083054235
mandeep.clair@grantsaw.co.uk
Michael Pope
Corporate and Commercial
Solicitor
greenwich
02083053540
michael.pope@grantsaw.co.uk
Michelle Pinnington
Michelle Pinnington
Residential Property
Solicitor
blackheath
02083054216
michelle.pinnington@grantsaw.co.uk
Noella Gooden
Noella Gooden
Employment
Paralegal
greenwich
02083053543
noella.gooden@grantsaw.co.uk
Raj Waghela
Raj Waghela
Residential Property
Solicitor
greenwich
02083053529
raj.waghela@grantsaw.co.uk
Randeep Thethy
Randeep Thethy
Residential Property
Solicitor
greenwich
02083054209
randeep.thethy@grantsaw.co.uk
Sarah Hogan
Sarah Hogan
Residential Property
Solicitor
blackheath
02083054214
sarah.hogan@grantsaw.co.uk
Simona Morina
Simona Morina
Litigation
Solicitor
greenwich
02083053521
simona.morina@grantsaw.co.uk
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Simone Gavioli
Litigation
Solicitor
greenwich
02083053548
simone.gavioli@grantsaw.co.uk
Susan Collins
Commercial Property
Solicitor
greenwich
02083054200
susan.collins@grantsaw.co.uk
Tatiana Zenina
Tatiana Zenina
Private Client
Solicitor
blackheath
02083054239
tatiana.zenina@grantsaw.co.uk
Trisha Djemal
Trisha Djemal
Residential Property
Consultant Solicitor
blackheath
02083053546
trisha.djemal@grantsaw.co.uk
Tyrone Grant
Residential Property
Head of Leasehold Enfranchisement
blackheath
02083053522
tyrone.grant@grantsaw.co.uk
Denise
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Helen Arney
Helen Arney
Support Staff
HR Manager
greenwich
02083054233
helen.arney@grantsaw.co.uk
Jamie
Support Staff
Head of IT
greenwich
02088586971
enquiries@grantsaw.co.uk
Jayne Lye
Support Staff
Office Manager
greenwich
02083054204
jayne.lye@grantsaw.co.uk
Kasia
Accounts Staff
greenwich
02088586971
enquiries@grantsaw.co.uk
Michael Tobin
Michael Tobin
Support Staff
Marketing and Business Development Manager
greenwich
02083053550
michael.tobin@grantsaw.co.uk
Laura Danquah
Solicitor and Compliance Manager
greenwich
02083054222
laura.danquah@grantsaw.co.uk
Sue Holness
Support Staff
Customer Services
greenwich
02083054221
sue.holness@grantsaw.co.uk