Shared Ownership – Lease Extensions
From December 2023 we have revised our lease extension policy for shared ownership leaseholders.
Shared Ownership leaseholders can now extend their leases when they own less than 100% by a discretionary lease extension.
Discretionary Lease extensions will be provided on the following terms:
- The same time limits will be in place as a statutory lease extension
- The new lease will be issued on the same terms as the original lease
- The Application Notice and Landlord’s Counter Notice will require the same information as a statutory lease extension
- Leaseholders must comply with the same necessary conditions as a statutory lease extension, for example; no current breach of lease, no arrears, agree to pay all reasonable costs of the Freeholder.
If you have any queries in relation to your leasehold property, our friendly team can be contacted by;
Telephone: 0800 358 3783 (freephone)
Email: [email protected]
