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    • MSE Jenny
    • By MSE Jenny 1st Mar 12, 3:18 PM
    • 1,218Posts
    • 3,554Thanks
    MSE Jenny
    Extend Your Lease guide discussion
    • #1
    • 1st Mar 12, 3:18 PM
    Extend Your Lease guide discussion 1st Mar 12 at 3:18 PM



    Hi all, we've written a new Extend Your Lease guide to help you extend at a fair price.

    How did you find the info? If you've done it, how did it go and do you have any other tips you'd add? How much value do you think it added to your property?

    Thanks
    for your help!


    MSE Jenny

    Last edited by MSE Jenny; 02-03-2012 at 12:59 PM.
Page 32
    • keveen
    • By keveen 30th Nov 17, 5:50 PM
    • 123 Posts
    • 66 Thanks
    keveen
    Depends on what the statutory costs are - can be many shocking thousands plus he will also have to pay their legal costs which can become huge if there is any other dispute. I know people who have made very reasonable informal arrangements but that was some years ago! It is a trade off of course against the eventual selling price of the leasehold interest (remember you don't own anything except that). If the flat sale will cover all the fees fine.

    In fact you are extending the lease just at the right time because if it dips below 80 years the costs increase by startling amounts and you have a declining asset.
    Last edited by keveen; 30-11-2017 at 5:52 PM.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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