Common Contracts
2 similar Lease Extension Agreement contracts
Extending your leaseLease Extension Agreement • March 8th, 2022
Your lease is the document that gives you the right to live in your property for a certain amount of time – usually 99 or 125 years. Once the time remaining on your lease drops under 80 years, the value of your property will begin to decrease and the cost of extending your lease will increase. A shorter lease will make it more difficult to find a buyer for your flat and it may make it difficult to remortgage. For these reasons it’s best to extend your lease before it drops under 80 years.
Extending your leaseLease Extension Agreement • March 19th, 2021
Your lease is the document that gives you the right to live in your property for a certain amount of time – usually 99 or 125 years. Once the time remaining on your lease drops under 80 years, the value of your property will begin to decrease and the cost of extending your lease will increase. A shorter lease will make it more difficult to find a buyer for your flat and it may make it difficult to remortgage. For these reasons it’s best to extend your lease before it drops under 80 years.
