I qualify for a lease extension so what am I entitled to?

If you qualify for a lease extension then you’re entitled to a 90 year extension to the existing lease term that you have. You are also entitled to pay a Peppercorn ground rent.

 

Transcript

So, what am I actually entitled to you might be asking. Well, if you qualify for a lease extension, then you're entitled to a 90 year extension to the existing lease term you have and you're also entitled to pay a peppercorn ground rent. A peppercorn that goes into your pepper mill on your dining room table. The freeholder may be offering you a new 99 year lease or a 125 year lease with a modern ground rent but that is not what you're entitled to. You're entitled to better than that, however, you might find that it's in your financial interest to review these options later on in the process as we look at settling the negotiation for you.

Share this article

About the author

John Anderson avatar

John Anderson

Having graduated in Economics and Social History from the University of Kent, John qualified as a surveyor in 1985 at Hillier Parker. This was the start of a long and esteemed career within the property industry as he went on to work for (among others) Vigers, Chestertons and Hargreaves Newberry Gyngell, gaining considerable experience in commercial and residential valuations as well as investment consultancy.

Read more about John Anderson

Recommended Articles

Dream home video

The importance of a home survey

Date:

A property valuation is not a survey. Getting a home survey, and not just a bank valuation, is essential when buying a property. Read more

Qualify for lease extension

Do I qualify for a lease extension?

Date:

If you’ve owned your property for more than two years. If the original lease was for more than 21 years and the Freeholder is not a Charitable Housing Trust, the National Trust or The Crown then yes, congratulations, you qualify for a lease extension. Read more

Oops, image not found

What is the Lease Extension Process?

Date:

Everything you need to know about lease extensions and how the process works. Arnold and Baldwins building experts divulge all. Read more

Oops, image not found

Structure movement

Date:

Many owners are unaware of a problem until their house goes through the selling process Read more

Dream Home or Worst Nightmare?

Buying your new home can quickly become your worst nightmare. A home survey will help you realise your dream and help you buy with confidence. Find out more about the importance of a home survey here

The Importance of a Home Survey

Watch the Video

4.6 Average rating on Google
Here's what our customers say

CLARE MCSHANE

Professional, efficient surveyors. Get the job done in a timely manner, had our survey back within 5 days of inspection. All team members I spoke with (Tiffany and Billy) were really lovely. Highly recommend. :)

RICARDO OLIVEIRA

I have only just started working with Stephen and he has already demonstrated the high levels of customer attention and dedication that this company has. The first impression he has caused is such that made me write this review. I have no doubt that the continuous service will be of same level. Looking forward to working further with Stephen. Well done!

Steve Kenny

Lease extension - I found Daniel Grove very professional and had an excellent understanding of all aspects relating to this transaction. Advice was invaluable, and it was nice to come across someone who did exactly what they said they were going to do. Would not hesitate in recommending the firm and Daniel to anyone who has a lease to extend.

Petros Kyrkilis

Amazing job and fully professional treatment. The surveyor went above and beyond to check for everything, when he could have easily claim lack of access. In addition he was more than happy to answer questions over the phone and be there to explain the steps.

Lynn Wilson

Within 48 hours I received my detailed report from Joe Arnold which enabled me to see the property as it was and not through rose-tinted glasses! The report highlighted areas where money might need to be spent and provided guidance on questions for my solicitor - just what I needed. Overall, the survey enabled me to re-assess my offer and in this respect was invaluable. Thank you for a friendly and professional service.

Mark Roberts

100% choose this company. As first time buyers we had a mortgage valuation which said the house was fine. The Arnold & Baldwin survey found over £30,000 of problems. Holes in the roof with daylight visible, damp, woodworm, broken sash windows and poor electrics. This company helped us renegotiate and save a fortune.

Joebun

Arnold & Baldwin came recommended and I’ve got to say they were brilliant - not just in identifying issues with the property I was looking at but in the way they kept me informed and up to date (ie picking up the phone instead of just posting / emailing communications with you). After dealing with estate agents for so long, it’s nice to have someone who is genuinely on your side.

Kamal Rahman

From my initial interaction with the firm I found them to be prompt, courteous and helpful. I received a detailed Homebuyers report within a week of instructing and was given the opportunity to talk it through with the attending surveyour. Overall excellent service all round, would certainly recommend this firm.

Sign up for monthly Property Insights

Follow Us