Counter Notice Assistance - Lease Extensions
Have you been served with a Section 42 (Initial Notice)
If yes, then your leaseholder has exercised the right to extend their flats’ pursuant to the Leasehold Reform legislation.
You have two months from receipt of the tenant’s notice to respond. Failure to respond would allow the leaseholder to proceed with the extension on the terms of their notice. Do call us as soon you become aware of any 1993 Act notice to get advice on how to protect your position.
By virtue of serving notice on you, the leaseholder will be responsible to pay your surveyor’s valuation fee and your reasonable legal costs of certain matters.
We will work closely with your surveyor to maximise the end premium you receive whilst providing you with best-in-class advice at each stage.
If your tenant has not served notice but has contacted you requesting a lease extension, this could present an opportunity for you and the leaseholder to agree on terms that are different from those they would be entitled to obtain through the statutory process. We regularly act for clients in voluntary lease extension negotiations.
For initial advice, a quotation or to arrange a meeting with one of our solicitors, please contact us on 020 7940 4060 and ask for a member of the Leasehold Service Team.