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Frequently Asked Questions
- I own a leasehold house. How much will the freehold cost?
- I want to extend my lease. Are there any additional costs payable other than the price of the lease extension?
- How can I buy the freehold of my building?
- How long can I extend my lease for?
- Why do I have to extend my lease?
- I own a leasehold house. How do I buy the freehold?
- What will it cost to apply to the Leasehold Valuation Tribunal (LVT)?
- What happens if we cannot agree on how much the lease extension should cost?
Frequently Asked Questions
I am a freeholder. How do I know what premium the lessee should be paying me to extend his lease?
It is advisable to obtain a valuation from a qualified surveyor who specialises in this area. The leaseholder is required under the Leasehold Reform, Housing and Urban Development Act 1993 to pay your reasonable valuation and legal costs.
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