Extending the lease
Most leaseholders have the right to but an extension to the term of their lease.
- The usual extension term is 90 years.
- You must have lived in your home for either the last three years or for a total of three years over the last ten years.
- The value of the extension has to be agreed with the Council.
- If this is not possible, the Leasehold Valuation Tribunal (LVT) can be asked to determine the value.
Leaseholders should possess a copy of their own lease. If not, you should be able to get a copy from your solicitor. The council’s legal department can also provide you with a copy.
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Document Created:
14/09/2009 15:48
, last modified:
16/11/2010 10:31