Category Archives: Lease Extension

Five Golden Rules When Buying Leasehold Property

If you are thinking about purchasing a residential leasehold property, then there are lots of things to think about. Leasehold means that the land which your property sits on does not belong to you, and this has implications. The golden rules of buying leasehold property are the following: 1. Know How Long is Remaining on […]

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Do You Have a Mental Block About Lease Extension?

It’s Not Urgent If you have more than a hundred years left to run on your lease then it’s understandable that you’re not making renewing it an urgent priority. However you do still have the right to extent it by 90 years and this could both increase the value of your property and make it […]

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Amendments to Leasehold Act Come Into Effect

On 13th May 2014, the Leasehold Reform (Amendment) Act 2014 which received royal assent in March 2014, came into force. The 2014 Act was piloted through Parliament by Bury North MP David Nuttall, and aims to fix a technicality which has been causing frustration for leaseholders. The changes will affect any leaseholder who is going […]

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Bonallack & Bishop – Helping freeholders with lease extension

When a freeholder is asked by a leaseholder for a lease extension, it is important that they are given expert advice which safeguards their interests. The specialist lease extension solicitors at Bonallack & Bishop have the expertise needed to help freeholders. Formal requests for statutory lease extension If you are formally served with a statutory […]

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Introducing the First-Tier Tribunal Property Chamber

A single tribunal process has been introduced to draw together the seven procedures which were previously in place to deal with dispute s related to different kinds of property. On the 1st July, the First Tier Tribunal Property Chamber came into effect, incorporating the tribunals which dealt with residential property and agricultural land as well […]

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Too many leasehold homebuyers have unrealistic expectations

Many homebuyers have unrealistic expectations about the service that a property management company will provide and the management of these expectations is a tough task for those working in property. Unfortunately, the difference between the contractual obligations of property management companies and what many people think should be provided to them is huge at times. […]

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A new addition to our Salisbury Lease Extension Team

Lease Extension has been an area of focus for Bonallack & Bishop in recent months and our Salisbury team has been bolstered by a new addition. Niki Luther joins the team as a Chartered Legal Executive bringing with her a great deal of expertise across leasehold reform matters. Niki arrives from a large law firm […]

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Bonallack & Bishop strengthens its Lease Extension department

We are pleased to announce yet another addition to our growing Lease Extension department. Laura Russell, who has worked in the firm’s Salisbury office for 8 years, moves to the department for the final seat of her training contract. Along with Samantha Davies and Niki Luther – the team’s other new starter – Laura will […]

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Your Leasehold Extension – key definitions

Leasehold Reform, Housing and Urban Development Act 1993 (as amended) Commonly referred to in contracted form as the ‘Leasehold Reform Act 1993’ this is the legislation which provides leaseholders with the legal right to apply to extend the lease on their properties and which sets out the procedure that must be followed in order to […]

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The importance of immediate lease extension

99 year leases came with a majority of flats built between the early 60’s and late 80’s. These properties are likely to prove difficult to either get a mortgage on or sell if the unexpired length of the lease has dropped below 70 years. These are extended leases will also fetch a lower sale price […]

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