Lease Extensions

Protect the value, marketability and long-term position of your property

As lease terms reduce, leasehold properties can become harder to refinance, less attractive to purchasers and significantly diminished in value – particularly once the lease term falls below 80 years.

At Vyman Solicitors, we advise leaseholders on lease extensions with a strategic focus on protecting long-term value, preserving marketability and avoiding costly future issues.

Whether proceeding under the statutory framework or negotiating directly with a freeholder, we guide you through the process with clear, commercially focused advice and robust negotiation support.

We regularly advise on:

• Statutory lease extensions under the Leasehold Reform, Housing and Urban Development Act 1993
• Section 42 Notices
• Informal lease extension negotiations
• Ground rent and lease term considerations
• Valuation and strategic timing issues
• Tribunal proceedings where agreements cannot be reached

Informal agreements can appear attractive initially, but poorly structured terms can create long-term financial and lending issues later.

Our role is to identify these risks early, protect your position throughout negotiations and ensure the terms agreed support your long-term objectives.

If you are considering extending your lease, speak to our Residential Property team for strategic advice and a tailored quote.