Blogs

Why does the leaseholder have to pay a premium to the landlord?

The leaseholder has to pay the freeholder (and if applicable the headlessee(s)) something (known as the premium) to compensate them for the loss of their investment. This is better explained as follows: The freeholder purchased the property as an in...

Who are the various people involved in a lease?

There can be a number of parties involved in a lease. At the top of the ladder is the freeholder who ultimately owns, not only the building, but also the site the building is sitting on. He/she will be the person/company who will legally eventually get...

Process Involved In Extending My Lease in UK

This third blog in a series of blogs attempting to explain in layman’s terms the process of extending your lease, whether for a flat or house. Please see our previous blogs in this series and also all other blogs which are intended to help you understa...

How to extend your lease in the UK?

This second blog in a series of blogs attempting to explain in layman’s terms the process of extending your lease, whether for a flat or house. Please see our previous blogs in this series and also all other blogs which are intended to help you understa...

How Lease Extension works in UK?

This is the first of a series of blogs that will try to explain, in layman’s terms, how the process to extend your lease is undertaken for lease extension purposes. We will not cover every single type of lease nor every single possible situation, as ...

What is Leasehold Enfranchisement?

What is Leasehold Enfranchisement? Leasehold enfranchisement is the process you go through to either extend your lease, or purchase a share of the freehold (collective enfranchisement). When you buy a leasehold property, you enter a legal agreement with ...

Reforming valuation in leasehold enfranchisement published by Law Commission

Reforming valuation in leasehold enfranchisement published by Law Commission The Law Commission of England and Wales has [09 January 2020] published a report setting out options to reduce the cost that leaseholders have to pay to buy the freehold or ex...

What you know about Leasehold Valuation Calculator?

One common question we get asked is what is my lease extension cost? how can I know that value? For that we added a tool to our website that allows you to get an idea as to the cost of your lease extension. To use our lease extension calculator simply fil...

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