How much does a lease extension cost? Costs using Statutory procedure


As the leaseholder, you are required to pay your Landlord a premium if you wish to extend your lease.


The Surveyor working on your behalf is instructed to calculate what this premium will be and you are also required to pay for both yours, and your Landlord’s Solicitor and Surveyor’s reasonable professional fees for the valuation and legal costs in serving a counter notice and preparing/completing the new lease.


We cannot give you an exact figure in this document for the cost of extending your lease as every property is different but the professional fees payable will reflect the particular requirements of your property and the time which it is anticipated will be devoted to the matter.


To give you an indication, a straight forward Statutory Lease extension with no Tribunal Costs, should be budgeted for as detailed on page 16.


14.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24