Ask The Experts

The main differences are that the building is occupied by renters! There is no hierarchy, every resident is equal. ‘Build To Rent’ properties are owned by one landlord (usually a company) and are managed professionally, which means no more waiting for your landlord to get back from holiday to fix your leak. Many schemes offer residents flexibility in the length of the tenancy, from 6 months to over 3 years, and developments are generally based in a central location, close to transport links.

A section 42 Notice (also known as the Tenant's Notice) is served on the landlord/freeholder which starts the statutory lease extension process. You can serve your own section 42 notice, however most people instruct a solicitor to do it for them. Before starting the process you should check your eligibility as you may not be eligible to formally extend your lease..

We fully appreciate a lease extension may feel like an unnecessary outlay however with the right financial advice it will result in your property being more valuable when you come to sell it. We are able to link you with our financial services director, who will talk you through how you can finance this extension.

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