Lease Extensions

What is a lease extension?

If your flat or property is leasehold then the lease gets shorter every year. This means that a lease is a diminishing asset and, if you let the length of your lease drop too low, there is a danger that it will affect the value of your property. If it becomes lower than 80 years, it could become difficult to sell or re-mortgage your property.

You may want to extend your lease to make your property easier to market and sell, or you may be the freeholder and have received a formal request for statutory lease extension. Either way you are going to need specialist legal advice. Harrison’s Solicitors are on hand to help with a dedicated property solicitor to guide you through the process from one our three local offices in Reading, Caversham and Woodley.