Lease Extensions Services
If you are thinking about extending your lease, we at M W Property Services are equipped to provide assistance and advice in respect of this process in west midlands. Please do not hesitate to contact us to explore how our services can be tailored to meet your specific needs.
How Lease Extensions Can Help You . .
Leaseholders who own flats are able to extend their leases under rights provided for in The Leasehold Reform, Housing and Urban Development Act 1993 if they meet certain criteria, or by asking the freeholder whether they are willing to negotiate a lease extension informally.
Leasehold properties are assets which have a definite period of ownership, a period of years which decline during the period of ownership. As the period of years remaining on a lease decline, the value of the property is negatively affected as well. In addition, as the term reduces, the cost to extend the lease increases, therefore it is important to be aware of the length of your lease and when is a good time to extend it.
Here at M W Property Services, we are experienced in the Lease Extension process and can assist with advice in relation to Lease Extensions, the process and also the costs involved. If you would like to learn more, then please do not hesitate to contact us.
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