Rollingsons

The law affords certain rights to owners of leasehold property to extend their leases. This may be of particular interest when considering offering a property for sale as a lease extension may increase the marketability and value of your leasehold property.

In practice many sellers of leasehold property will make an application to extend their lease and assign the benefit of the application to their purchaser to complete the transaction. However, under challenging market conditions, this approach might not be acceptable to buyers, and sellers should consider extending their lease prior to marketing.

Whether you are buying or selling leasehold property, Rollingsons offer expert advice in relation to proposed lease extensions to enable you to make a fully informed decision. Should you wish to proceed with a lease extension or are purchasing a property with the benefit of having an application assigned to you our experienced property experts strive to progress transactions to a swift and successful conclusion.