A lease extension is in effect a new lease and can be agreed either voluntarily by the landlord and leaseholder or unilaterally on application by the leaseholder under statute and on statutory terms.
Decisions about lease extensions are ones for the landlord/ freeholder not managing agents.
Covering Topics
Overview
Why are Lease Extensions Desirable?
Who Can Seek a Lease Extension by Statute?
Procedure for a Lease Extension Under Statute
Leasehold Reform (Ground Rent) Act 2022
Can the Extension be Withheld if the Leaseholder Applies?
The Legal Effects on Other Parties
Sources of Advice for Leaseholders
Resource
This article is for Company members only
Become a member today to access exclusive insight from The Property Institute.
