Lease Extensions Thame
Lease Extensions in Thame by Woodward Chartered Surveyors.
More Information about Lease Extensions and Valuations by Woodward Chartered Surveyors
If you are a qualifying leaseholder, with property in Thame, 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 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 2 years at the time of serving notice.
- Not be a business or commercial tenant.
More About Thame, from Wikipedia, the free online encyclopedia
Thame is a market town and civil parish in Oxfordshire, about 9 miles (14 km) east of the city of Oxford and 7 miles (11 km) southwest of the Buckinghamshire town of Aylesbury. It derives its toponym from the River Thame which flows along the north side of the town. The parish includes the hamlet of Moreton south of the town. The 2011 Census recorded the parish's population as 11,561. Thame was founded in the Anglo-Saxon era and was in the kingdom of Wessex.
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