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lease extension question
theGrinch
Posts: 3,133 Forumite
if you have held a lease for longer than 2 years
and wish for an extension can the freeholder
demand any price?
and wish for an extension can the freeholder
demand any price?
"enough is a feast"...old Buddist proverb
0
Comments
-
In a word ...yes.
however, you can then contest this with them, and they will probably come down a bit.
If you still think it's too steep, you can put the request to the Leasehold valuation tribunal who will make a decision on the price.
This is then a final decision and neither side can alter the price.
Be aware you will have to pay for the freeholders legal costs too!!!Anything I write is based on my opinion only. Before acting upon any advice from anyone on a forum further professional advice should be sought.0 -
garysletters wrote:In a word ...yes.
however, you can then contest this with them, and they will probably come down a bit.
If you still think it's too steep, you can put the request to the Leasehold valuation tribunal who will make a decision on the price.
This is then a final decision and neither side can alter the price.
Be aware you will have to pay for the freeholders legal costs too!!!
what about the "marriage contract value"...isnt this a standard formulae?"enough is a feast"...old Buddist proverb0
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