Case Study - Lease Extension - Leaseholders
LEASE EXTENSION - COLLECTIVE ENFRANCHISEMENT (LEASEHOLDERS)
Surveyors at Kirkby and Diamond are experienced within the lease extensions field are all members of the Royal Institution of Chartered Surveyors (RICS) and Kirkby and Diamond is a member of the Association of Leasehold Enfranchisement Practitioners which confirms their expertise and professionalism in the field. As a result the quality of service tenant’s receive will be second to none.
Lessees who own a qualifying leasehold interest of a residential property can force a freeholder to sell a 90 year lease extension to the current unexpired term of their lease, under a 1993 Act.
Kirkby and Diamond are able to obtain up to date market evidence and apply their knowledge of the Leasehold Reform sector to ensure that the tenant pays a fair price for a lease extension.
Once the initial notice (with the proposed) is served, the landlord responds.
Sometimes the negotiations result in a private agreement, at a lower premium but with a continued ground rent. The lease extension will then allow the property to be sold.
Kirkby and Diamond often work closely with solicitors to adhere to time limits in accordance with the legislation and are experienced in dealing with obligations to the Tribunal and aspects of Civil Procedure Rules. We work closely with many experienced solicitors in the field and can also act as expert witnesses in Leasehold Valuation Tribunals.
Kirkby and Diamond are therefore an excellent choice to help guide tenants through the complicated lease extension process. Please see some of the case studies on our web site.