My leaseholder wants to extend their lease informally
Arrange your expert advice & valuation below
On an informal basis, the lease terms can vary and include a ground rent. What is offered will depend on whether you require an income stream from the freehold or wish to extract more value now.
Once terms are agreed, you will need to instruct a solicitor to draw up the new lease and completed the extension.
There may be tax savings that can be made if a formal notice is served. You should consult your financial advisor.