Case Studies
A snapshot of case studies from the thousands of clients who have benefited from the LEC’s support and expertise.
Featured Case Studies
Refer to the following case studies to find out more about the lease extension process, the costs involved, and the outcomes we have helped our clients achieve.
Client extending a short lease on their property in central London prior to putting it on the market.
INSTRUCTION DATE | 01/06/21 |
UNEXPIRED TERM | 91 years |
GROUND RENT | £10 p/a for the term of the lease |
VALUATION REPORT PUBLISHED | 18/06/21 |
Our specialist surveyor identified the lowest likely premium to be £4,280 and the highest possible amount as £4,725
S42 NOTICE SERVED | 06/07/21 |
S45 COUNTEROFFER RECEIVED | 18/06/21 |
TERMS AGREED | 06/10/21 |
£4,280 premium agreed + Freeholders costs
COMPLETION OF LEASE | 12/11/21 |
Client selling property in Hornchurch Essex.
As the client’s property would drop below 80 before the new owners would legally be able to apply to extend the lease under the Leasehold Reform Housing and Urban Development Act 1993, a condition of the client’s sale was to be complete on the lease extension prior to completing on a lease extension.
INSTRUCTION DATE | 05/05/20 |
UNEXPIRED TERM | 82 years |
VALUATION REPORT PUBLISHED | 22/05/20 |
Our specialist surveyor identified the lowest likely premium to be £6,500 and the highest possible amount as £9,250
S42 NOTICE SERVED | 27/05/20 |
S45 COUNTEROFFER RECEIVED | 16/09/20 |
TERMS AGREED | 02/10/20 |
£6,000 premium agreed + Freeholders costs
COMPLETION OF LEASE | 30/10/20 |
COMPLETION OF CLIENTS SALE |
10/11/20 |
Client with a flat in London with 86 years, keen to extend their lease before the unexpired term dropped closer to the 80 year marriage value cut off.
INSTRUCTION DATE | 19/04/21 |
UNEXPIRED TERM | 80 years |
GROUND RENT | £10 p/a for the term of the lease |
VALUATION REPORT PUBLISHED | 23/04/21 |
Our specialist surveyor identified the lowest likely premium to be £3,200 and the highest possible amount as £3,800
S42 NOTICE SERVED | 11/05/21 |
S45 COUNTEROFFER RECEIVED | 29/06/21 |
TERMS AGREED | 30/06/21 |
£3,200 premium agreed + Freeholders costs
COMPLETION OF LEASE | 09/08/21 |
Client extending a short lease on their property in Uxbridge prior to putting it on the market.
INSTRUCTION DATE | 04/02/21 |
UNEXPIRED TERM | 60 years |
GROUND RENT | £60 p/a for the next 27 years rising to 90 years for the remaining term of the lease. |
VALUATION REPORT PUBLISHED | |
S42 NOTICE SERVED | 24/03/21 |
S45 COUNTEROFFER RECEIVED | 18/06/21 |
TERMS AGREED | 28/07/21 |
£25,800 premium agreed + Freeholders costs.
COMPLETION OF LEASE | 17/09/21 |
Client assisting elderly parents extend their lease with a short lease in Birmingham.
INSTRUCTION DATE | 07/06/19 |
UNEXPIRED TERM | 65 years |
GROUND RENT |
£50 p/a for the term of the lease |
VALUATION REPORT PUBLISHED | 18/06/19 |
Our specialist surveyor identified the lowest likely premium to be £12,000 and the highest possible amount as £15,500 apportioned between the Freeholder and Head leaseholder
S42 NOTICE SERVED | 04/07/19 |
S45 COUNTEROFFER RECEIVED | 07/09/19 |
TERMS AGREED | 08/11/19 |
£15,500 premium agreed + Freeholders costs
COMPLETION OF LEASE | 09/0/20 |
Client with a flat in London with 86 years agreed an informal lease extension with Croydon council.
INSTRUCTION DATE | 11/06/19 |
UNEXPIRED TERM | 86 years |
GROUND RENT | £10 p/a for the term of the lease |
COMPLETION OF LEASE |
03/04/20 |
Group of Clients with flats in Surrey for which they all owned a share of the Freehold and wished to each extend their leases to 999 Years.
INSTRUCTION DATE | 12/07/19 |
COMPLETION OF LEASE |
17/08/20 |
Familiarise Yourself with the Lease Extension Process
Lease extensions are a part of a complex area of law, and the process differs from property to property. We understand that this can lead to apprehension and hesitancy to start – but the result is worth it.
We aim to simplify the lease extension process and shed some light on how it operates. Learn more about the potential costs and duration of your lease extension procedure by reviewing these various case studies and using our helpful Lease Extension Calculator.
Speak with Lease Enfranchisement Experts
For a more precise calculation, book a free, no-obligation consultation with us. With our expertise, we will formulate a property plan tailored to your needs and arrange a fixed fee to cover our specialist surveyor’s and solicitor’s legal costs.
Please get in touch by filling out our contact form, calling us for free on 0800 098 2770 or emailing [email protected]
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