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Buying the freehold
Comments
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"The right under the Leasehold Reform, Housing and Urban Development Act 1993 is to add 90 years to what is left on your existing lease. For example, if you have 75 years left on your lease you will be given a new lease of 165 years. Alternatively you may be able to extend your lease to any number of years by negotiating with your landlord." Sorry don't know where I got the 999 years from! this is what it says on the leashold advisory website
This is a house - you can either buy the freehold or add 50 years to the term.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Soundgirlrocks wrote: »"The right under the Leasehold Reform, Housing and Urban Development Act 1993 is to add 90 years to what is left on your existing lease./QUOTE]
This applies to flats
For Houses
its the Leasehold Reform Act 1967
http://www.lease-advice.org/publications/documents/document.asp?item=15Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0
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