Leasehold Property Solicitors in Ipswich
Lease Extensions in Ipswich
Attwells Solicitors are property lawyers in Ipswich. We specialise in lease extensions and can assist you with a professional and expertly handled lease extension process.
What is a lease extension?
At Attwells Solicitors’ Ipswich office, we specialise in steering leaseholders through the lease-extension process, the legal procedure that lengthens your lease beyond its original expiry date.
Ipswich’s property market includes many leasehold flats and maisonettes. Unlike freehold ownership (where the property is owned outright), leasehold ownership gives you the right to occupy the property only for the term set out in the lease. As that term ticks down, a flat’s value and mortgage ability can suffer; once it drops below 80 years, the premium payable to extend rises sharply. Acting early can save you significant cost and stress.
We are proud members of the Association of Leasehold Enfranchisement Practitioners (ALEP) and follow the organisation’s strict professional standards, so you can instruct us with complete confidence.
How long does a lease extension take?
In general, a straightforward lease extension can take several months to complete, typically ranging from a few months to six months or more. However, more complex cases or instances where there are disputes or negotiations involved may take longer.
The process usually involves gathering and reviewing documentation, conducting valuations if necessary, negotiating terms between the leaseholder and the landlord, and drafting and finalising the lease extension agreement.
For more information about lease extensions and purchasing a freehold please click here.
Who will do my lease extension?
Our property lawyer team comprises a Paralegal, a Solicitor, and a Partner with one to twenty-one years of experience. All of our paralegals are supervised by Senior Solicitors and Partners who have over 20 years of experience working in residential and commercial property law.
How much does lease extension cost?
Every lease extension quote is based on your individual needs. At Attwells our instant online lease extension calculator gives you your personalised quotation.
