Extend A Lease: Which Information To Trust?

If you are starting along the lease extension road and beginning to look in to the idea seriously

, then you need to start by doing some research.

There are, fortunately, a number of sites that offer excellent information - however this area of property law is quite complex and it can prove to be a little difficult to grasp all of the information that will be thrown at you.

Those few firms of solicitors who actually specialise in the law surrounding the extended lease, may offer some useful information on their. There is also comprehensive advice about the extended lease available on the Leasehold Advisory Service website. This site is actually run by the Government and a good source of impartial and up-to-date information related to lease extension.

Do be careful when researching the procedures to extend a lease as there are a number of articles on the internet that may not always feature the most accurate and current information. It is always wise to check any important facts and statistics that you may find through other sites - so that you can ensure that this information is correct.

One thing your research to extend a lease is likely to prove to you is the fact that it is extremely difficult to produce a stand price for the cost of lease extension- the cost to extend a lease is going to depend on a number of different factors. However, if you are looking for a 'round-about' sort of figure, again the Leasehold Advisory Service would be able to help you.

Your research is always likely to point you in the direction of a specialist firm of solicitors, if you are looking for more concise information to extend a lease. Remember the vast majority of solicitors rarely, if ever, come across an extended lease application - you really do need to find a solicitor with real experience in this complex area of law. Furthermore, you should be very reluctant to handle such a transaction yourself - procedures and timescales need to be followed in accordance with strict legislation that is in place; you're probably best letting a specialist to handle this - as they will know exactly how to proceed with your lease extension. Also there in mind that the actual process involved in an extended lease application may well involve negotiations and possible disagreements between yourself and landlord - where the solicitor and their valuer are definitely best off sorting for you.

by: Tim Bishop

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