At the LEC, we are here to make your lease extension as straight forward as possible. We offer you a single, fixed fee that covers the costs of our dedicated team of specialist solicitors and surveyors. Everything is taken care of, from instruction to the final title registration with the HM Land Registry, so you don’t need to worry, using the country’s leading specialists in lease extensions.
At the LEC, we work closely with every client, putting together a bespoke project plan detailing each stage, legal requirement and costs so that you have a complete understanding of the process, what you need to pay, when and to whom.
What Costs Do You Pay?
Within the lease extension process, as the leaseholder, you are legally responsible for the associated costs of your lease extension relating to both your professional costs to execute the lease extension, and the freeholder’s associated costs.
Your Costs
- Your Professional Surveyors valuation and Solicitors legal Costs – these are included within your LEC fixed fee.
The Freeholders Costs
- The ‘premium’ the cost of your lease extension
- Your Freeholders s60 legal and valuation Costs
What Do you Pay When?
Your Costs
Our fixed fee is payable throughout the process, and we provide a payment schedule of your fixed fee within your Project Plan.
The Freeholders Costs
After your S42 Notice has been served, the freeholder’s solicitors can request a 10% deposit of the amount proposed within the S42 Notice. Our solicitors will advise if this is requested. The premium and freeholder’s reasonable s60 costs are payable to the Freeholder on completion of your lease extension.
Visit our dedicated section about our fixed fee costs for more information about our service.
It’s Good To Talk
We are here to help, and we have successfully assisted many thousands of clients in extending their leases. Talk to one of our lease extension specialists today who can help, talk you through the process, and answer any further questions you have. You can speak to one of the Client Service team on 0800 098 2770, or fill in our Contact Form, or send us an Email via [email protected].
