Ask The Experts

Question #106

My lease has only got 80 years left on it, can I extend it?

You have the right to add 90 years to what is left on your existing lease term at a “peppercorn” rent (no ground rent is paid); the landlord is entitled to receive a premium for this which is calculated on a set formula. Alternatively, you may be able to negotiate a lease extension with your landlord on whatever terms you can agree. Lease extensions can be a complicated process so you might want to seek professional help enquiries@startleaseextensions.co.uk

#estatemanagement

#106

Answered by

Jennie Bunting

Estate Management

Jennie joined The Acorn Group when she was in her 20’s and over the years has gained hands-on experience in both the property and block management sectors, heading up both divisions and as Director of Estate Management for the last 15 years.