The Leasehold Reform Housing and Urban Development Act 1993 entitles qualifying Leaseholders to extend their Lease by a term of 90 years with the Ground Rent reverting to a Peppercorn.
You will quality if you have owned the property for more than 2 years and the original Lease length is in excess of 21 years. There are certain exceptions relating to Charitable Housing Trusts etc.
You may have been approached by one of your Leaseholders to extend their Lease. Your Legal Advisers will need to respond to the Section 42 Notice within the required time frame. We are able to undertake a Valuation and negotiate on your behalf to achieve the best deal.
3 Priory Court
Tuscam Way
Camberley
Surrey
GU15 3YX