Surbiton Road, Kingston upon Thames, KT1 | Amicable Settlement

Blakes were instructed by the leaseholder of a 3 bedroom flat in Kingston upon Thames to provide a valuation for lease extension purposes. The valuation was carried out on behalf of the lessee and informal negotiations were entered into with the freeholders surveyors on the basis of the statutory terms. An amicable settlement was agreed within 4 weeks over the premium to be paid and the legal matters were completed shortly afterwards. The lease was extended by 90 years and the ground rent was reduced to NIL for the entire lease term.

We act for both landlords and tenants advising on the various valuation aspects of leasehold enfranchisement. More specifically, landlord and tenant rights pursuant to The Landlord and Tenant Act 1987 (tenant’s pre-emption rights; landlord’s sale of the freehold to the tenant flat owners pursuant to service of formal notices); The Leasehold Reform, Housing and Urban Development Act 1993 as amended by the Commonhold and Leasehold Reform Act 2002 (individual lease extensions of flats, collective enfranchisement of the freehold of a building and right to manage claims) and all ancillary matters arising from this area of law.

For assistance with extending the lease on your property or purchasing the freehold, please call us on 02082961234 for a free consultation. We will value and negotiate the premium payable to the freeholder and can also provide details of solicitors with whom we have worked with over the years specialising in this area of law.

• Lease Extension Valuation and Negotiation handled on behalf of Leaseholder Client
• Successful Settlement Agreed & Completed 2014