Reasons To Use A Solicitor When You Extend A Lease

The process involved in arranging extending a lease on a flat is very procedural; certain steps must be carried out at certain times and in certain ways. The law is not terribly sympathetic to mistakes being made by leaseholder’s who are not familiar with the law and procedure.  Any mistake may also prove to be costly, either because it cannot be fixed or because you may need to engage in lengthy litigation to attempt to fix it. This means it is extremely useful to instruct a solicitor when you are starting the process of leasehold extension. This article looks at some of the best reasons for hiring a specialist lease extension solicitor.

Planning

When you decide to extend your lease, you need to make sure you have all the necessary documents and information in order to do so. A solicitor specializing in extending leasehold property will be able to give you guidance, tell you what you need to do and arrange things for you. For instance, you will need to get a valuation on your property and someone to work out how much extending your lease is likely to cost: if you are unsure of where to find these experts, a specialist solicitor will either be able to point you in the right direction of useful contacts or even arrange these things for you.

The process

When you come to extend leases , you will need to serve a Notice of your intent to your landlord in accordance with the 1993 Act (as amended). This then puts into motion a specific timetable that needs to be followed in terms of your landlord’s response and what you do as a result. The solicitor will be able to ensure that your Notice is correctly prepared and that you have all the documentation you need. This should mean the process will run as smoothly as possible and reduce the chances of problems occurring. They will also be able to tell you what you need to do if your landlord fails to respond within their allotted time.

Leasehold Valuation Tribunals

If you are and your landlord are unable to agree on a price for your leasehold extension, then you will need to take the case to a Leasehold Valuation Tribunal. This is something your solicitor will be able to help you with. They’ll be able to prepare everything you need so you have the best chance of succeeding in your case.

Afterwards

Once you have sorted everything out with your landlord and come to an arrangement over the price required for your  extended lease, a new lease will need to be drawn up to reflect the changes. Your solicitor will be able to sort this out for you and make sure everything is present and correct. Simply put, they will take a lot of the stress out of the process, making everything much easier for you and so they are definitely more than worth getting involved.

Want to Extend a Lease? Need specialist Solicitors?

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