Lease extension services

Leases with less than 99 years left to run are a rapidly depreciating asset. The legislation now allows residential leaseholders the right to extend their lease for 90 years at a peppercorn ground rent, which can make an otherwise unattractive property easier to sell.

Nicholsons can offer in association with our professional body the National Association of Estate Agents (NAEA) a one-stop integrated lease extension service.

To get started please click on the link below to access the service

www.arlaleaseextensions.co.uk

Benefits include:

• Instant approximation of the premium for extending the lease
• Quote for professional fees involved in the process

Once instructed NAEA Lease extension will carry out the following services:

1. Instruct a surveyor to value the property, provide a professional estimate of the premium and negotiate with the landlord or freeholder.
2. Instruct a solicitor to carry out all the legal work.

If you have any queries on lease extension services please call Tel: 01723 380919 or e-mail: management@nicholsons.uk.com