Taking the Benefit of Your Seller’s Right to A Statutory Lease Extension

1st February 2021 by

We all know that purchasing a property can be a stressful exercise and sometimes issues arise that you hadn’t bargained for, such as purchasing a flat with a short lease.

Thankfully, there is a mechanism that allows your seller to serve a notice for a statutory lease extension on their landlord and assign the benefit of that right to you on completion of your purchase. This will enable you to proceed with your purchase without delay, give you direct control over the negotiations for the lease extension and allow you to avoid having to wait until you qualify in your own right under the legislation.

If you would like more information or require assistance in this area then please contact Daniel Winslow, Partner and head of this firm’s Leasehold Services department.

Healys Leasehold solicitors can advise and assist you with leasehold enfranchisement services. If you require any further information, please don’t hesitate to contact Healys Leasehold services team.