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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 020 8541 4311

e-mail mail@dawsonandco.co.uk
Dawson and Company
Ground floor
2 Bridle Close
KINGSTON UPON THAMES
Surrey
KT1 2JW

 

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