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Leasehold Reform

Legislation gives certain residential leaseholders the right to either an individual lease extension, or a collective right to a group of leaseholders to buy the freehold of their property.

There are specific (and somewhat complex) rules for assessment of the price which should be payable, either for a lease extension or a freehold purchase.

We can provide advice to either freeholder or leaseholder as to the price which should be payable. This will vary case by case, and will be based on factors which include the ‘full’ value of the property, length of lease term remaining, and terms and conditions of the lease including ground rent.

If the parties cannot agree, we can take a case to the Leasehold Valuation Tribunal, who will decide the matter in such circumstances.

Telephone 07557 132362

e-mail mail@dawsonandco.co.uk
Dawson and Company
Suite 150 Pegaxis House
61 Victoria Road
Surbiton
KT6 4JX

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