You may need a lease extension solicitor to negotiate with the freeholder on your behalf. It is important to find out whether the freeholder is prepared to negotiate or accept an informal offer. Before submitting a Section 42 Notice, however, you must contact the freeholder to find out whether he is willing to negotiate. This can be tricky, as a freeholder may be unwilling to accept your terms. Your leaseholder may be reluctant to negotiate, but you should still try to convince him to agree to the extension.
Although you can negotiate a lease extension on your own, it is advisable to seek expert legal advice from a lease extension solicitor. These legal professionals are members of the Association of Lease Enfranchisement Practitioners (ALEP) and will ensure you receive expert legal advice. Although you can extend your lease informally, it is always advisable to use a solicitor for the process as it carries certain protections and time limits. You can also try to extend the lease by contacting the freeholder directly.
Your solicitor will be able to obtain copies of the existing lease and office copies from Land Registry. This information will help you identify the freeholder. Once you’ve identified the freeholder, your solicitor will’sound out’ the freeholder and offer him an informal offer. If this fails, he will then need to serve a section 42 notice on you. The lease extension solicitor will also contact your freeholder’s solicitors to request their agreement.
An experienced lease extension solicitor can help you gather all the necessary information and find a specialist surveyor. However, you must make sure that your solicitor is a specialist, as there are very few surveyors that specialise in leasehold extension. Besides, a lease extension solicitor will prepare the necessary legal documents such as the Notice to Landlord, and ensure that your application follows a tight timetable. This way, the landlord will be more likely to agree to the lease extension, and you’ll have more time to look for a new home.
Once you’ve found a specialist solicitor for your lease extension, you should get a valuation of the property and discuss your options with him. Usually, the landlord is willing to extend the lease but will sometimes make a counter-offer. Using a lease extension solicitor will ensure that both sides are treated fairly. In addition to providing legal advice, a lease extension solicitor will represent you in a dispute at the First-Tier Tribunal, or LVT, which is a court system that focuses on lease extension cases.
A lease extension can take anywhere from three to twelve months. However, the process is significantly shorter if the negotiations are completed swiftly and without any problems. A lease extension solicitor will help to reduce this time and help you get the best deal possible. You can also choose to negotiate directly with your landlord, or have a solicitor serve the letter to them. The Land Registry can help you find out how long your lease is by downloading a freehold title.