High Wycombe Lease Extensions
High Wycombe Lease Extensions by Woodward Chartered Surveyors.
More Information about Lease Extensions and Valuations by Woodward Chartered Surveyors
If you are a qualifying leaseholder, with property in High Wycombe, you will have the right to claim an extension of your existing lease of an additional 90 years at a “peppercorn” rent (effectively rent free).
Your statutory right is contained in the Leasehold Reform Housing and Urban Development Act 1993 (as amended), and this legislation sets out the procedures which must be followed by a flat tenant to claim this right.
Here we explain briefly the procedures involved in exercising your statutory right to claim a lease extension.
Briefly, in order to compel a landlord to sell a lease extension, the building in question must be:
- A residential structure, not a commercial building.
- Outside the precinct of a cathedral.
- Not owned by a charitable housing trust, National Trust or the Crown.
And the flat tenant must have:
- A lease of more than 21 years when granted.
- Owned the lease for at least two years at the time of serving notice.
- Not be a business or commercial tenant.
More About High Wycombe, from Wikipedia.
High Wycombe has a population of 125,257 and it is the second largest town in the county of Buckinghamshire after Milton Keynes. High Wycombe Urban Area, the conurbation of which the town is the largest component, has a population of 133,204.
High Wycombe is mostly an unparished area in the Wycombe district. Part of the urban area constitutes the civil parish of Chepping Wycombe, which had a population of 14,455 according to the 2001 census – this parish represents that part of the ancient parish of Chepping Wycombe which was outside the former municipal borough of Wycombe. Wycombe is a combination of industrial and market town, with a traditional emphasis on furniture production. There has been a market held in the High Street since at least the Middle Ages.
What does a Lease Extension Valuation by a Chartered Surveyor, for a property in High Wycombe include? Find Out More Here.
Contact Woodward Surveyors for more Information on Lease Extensions in High Wycombe.