Responding to a Section 42 Notice: A Freeholder Case Study on Counter-Notices, Deadlines and Recoverable Costs
A leaseholder proposed £18,000. We assessed £41,500 and settled at £37,000. What freeholders must do on receiving a section 42 notice.
Lease Extension Case Study: 68-Year Lease in Wimbledon — Premium Negotiated Down by £13,250
How our RICS registered valuers cut a Wimbledon lease extension premium from £46,500 to £33,250 on a 68-year lease. A full Section 42 case study.
Informal vs Statutory Lease Extension: A Kingston Case Study Where the “Cheaper” Offer Cost £5,000 More
A Kingston freeholder offered an informal lease extension £5,500 cheaper. We show why the retained ground rent made it £5,000 worse in real terms.
Parliament Closes Qualifying Lease Loophole in Building Safety Act 2022
In a significant move to address concerns surrounding leaseholder protection provisions, the government has amended the Building Safety Act 2022 to rectify a critical loophole related to “qualifying leases.” The amendments, included in the Levelling-Up and Regeneration Act 2023, which received Royal Assent on October 26, 2023, marking a decisive step toward streamlining the complex […]
Lease Extensions for Residential Flats – Statutory or Informal Lease Extension?
When the time comes to extend you residential flat lease, you really need to make the right choice. Unfortunately, freeholders’ mandates and client circumstances can vary, which means making up your mind to go down the statutory or informal route may initially prove cumbersome. On one hand, if you own a low lease flat, you […]
Lease Extension Issues Highlighted to Kingston Chamber of Commerce by Blakes Chartered Surveyors
Blakes Chartered Surveyors – Representing our Clients against some of the largest ground rent investors in the UK
Our lease extension surveyors have acted successfully against an ever expanding list of freeholders in the UK. The majority of our statutory lease extension cases are settled upon an amicable basis without the need for a Tribunal hearing but where this is inevitable, we have achieved a very successful outcomes on behalf of our client […]
Lease Extension Valuations across London & South East
Lease Extension Valuation Reports Due to high demand for our services we have now increased our coverage to include all of London & the South East of England Fast Track Service available with inspection and valuation report completed within 48 Hours if required. Contact us for further information on the various types of valuation services […]
