Secure Your Lease, Protect Your Investment.

Whether through a formal or voluntary lease extension, we guide you through the process with expert legal support.

A lease extension increases the number of years remaining on a leasehold property, ensuring its long-term value and preventing costly ground rent increases.

At KAYA Law, we handle both statutory and voluntary lease extensions, ensuring compliance with legal requirements while securing the best possible terms for you. Whether you're exercising your legal right under the 1993 Act or negotiating directly with your freeholder, we streamline the process to protect your interests and your investment.

Need Help with the Legal Side of Your Remortgage? Contact Us Today.

Let us handle the legal complexities so you can focus on securing better mortgage terms. Reach out now for expert support and a hassle-free remortgage process.

Statutory vs. Voluntary Lease Extensions

Option 1: Statutory Lease Extension Process

1. Checking Eligibility

  • You must have owned the property for at least 2 years.

  • The lease must be originally granted for more than 21 years.

2. Obtaining a Lease Valuation

  • A qualified surveyor will assess the premium payable to the freeholder.

3. Serving the Section 42 Notice

  • This legal notice formally requests a lease extension and starts the process.

  • The freeholder has 2 months to respond.

4. Freeholder’s Counter-Notice

  • The freeholder may accept, reject, or propose different terms.

  • If terms cannot be agreed, negotiations continue.

5. Tribunal (If Necessary)

  • If no agreement is reached within 6 months, the leaseholder can apply to the First-tier Tribunal to determine fair terms.

6. Completion & Registration

  • Once terms are agreed, the new lease is drafted, signed, and registered with HM Land Registry.

Option 2: Voluntary Lease Extension Process

1. Negotiating with the Freeholder

  • Instead of serving a formal notice, you contact the freeholder directly to negotiate terms.

2. Valuation & Terms Agreement

  • The premium, lease length, and ground rent are agreed upon between both parties.

3. Drafting the Lease Extension

  • A solicitor ensures the agreement is legally binding and fair.

4. Registration with HM Land Registry

  • Once signed, the new lease is registered to reflect the updated terms.

Potentially faster and more flexible, but terms are at the freeholder’s discretion.

Protect Your Property’s Future – Start Your Lease Extension Today.

Let us handle the legal process while you focus on securing your investment. Call us now or leave your details, and we’ll get back to you promptly.