Lease extension

A voluntary lease extension is the act of negotiating directly with your landlord; ultimately, this can be quicker and more cost-effective if both sides are willing. But if you’re a tenant, you should note that your landlord does not have to agree to or offer your preferred terms. We're here to help.

You could also have a legal right to extend your lease under the statutory process; this involves serving formal notices, obtaining a valuation, and meeting strict deadlines. We check your eligibility, explain the process and support negotiations with your landlord.

The cost of extending your lease depends on numerous factors, including your property's value, the remaining lease term and current valuation rules. A specialist valuation helps you agree a fair premium with your landlord, plus you will also need to budget for your own legal and valuation fees.

Extending your lease helps keep your property marketable and avoids issues when selling or remortgaging, since short leases can deter buyers and lenders. It's generally best to consider extending your lease before the remaining term becomes too short; the 80-year threshold has historically been important, but leasehold reforms have changed the valuation rules.