Lattey & Dawe is able to assist both landlords and tenants with statutory and non-statutory lease extensions.
Statutory lease extensions in particular are a niche area of law governed by the Leasehold Reform, Housing and Urban Development Act 1993 (as subsequently amended) that allows for a tenant to apply for their lease to be extended by 90 years and the ground rent to be reduced to a peppercorn. These statutory claims are becoming increasingly common as tenants seek to improve the marketability and value of their flats and remove onerous ground rent clauses.
We are able to advise landlords and tenants on how best to respond to and initiate these claims respectively. We work closely with valuers and provide clear guidance to our clients to help them navigate the statutory timetable for such lease extensions including applications to the First-tier Tribunal and achieve the best outcome.
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