Ask The Experts

Question #25

In regards to leasehold properties, what is a ‘deed of assignment’?

If you are planning on selling your leasehold property but a short lease is limiting your sales value or the amount of people willing to view, you can extend your own lease or confirm you are selling with the benefit of a ‘deed of assignment’. This means that the new owners do not need to wait for two years of ownership before applying to the freeholder to obtain a statutory lease extension.

#lease-extensions #leasehold #lease-extension #short-lease #deed-of-assignment

#25

Answered by

Silvana Goddard

Lease Extensions

Silvana has over 25 years of financial service and business development experience and thrives in helping her clients increase the value of their homes.