Tag Archives: leasehold reform

ILN Today Post

Lease extensions of flats – Traps for the unwary

When tenants first acquired the right to extend their flat leases under the Leasehold Reform, Housing and Urban Development Act 1993 (Act), there was a perception that this was not as attractive as the other right created by the Act, to collectively acquire the freehold title to the building in which the flats are situated.  However, lease extension claims are generally quicker, simpler and the right is more readily available than the right to collectively enfranchise.

So, lease extensions are an important right but it is a technical area, fraught with traps for the unwary.

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