Lease extension can be a long and challenging process. That’s why hiring a lease extension lawyer can be a massive help when it comes to avoiding common mistakes and understanding overall costs.
The cost to extend your lease is dependent on the value of your property, the number of years left on the lease and external factors such as expected returns from investments. However, it is open to negotiation and decisions can be made by a tribunal.
Next, you should hire a lease extension solicitor who is an accredited member of the Association Of Lease Extension Practitioners. They will help you get quotes and compare costs to make an informed decision.
Following this, investing in a valuation surveyor will provide additional help. These professionals know all about leasehold extension legislation and the local property market. In some cases, the lease extension lawyer you hire will be able to introduce you to reliable surveyors they have contact with.