Northwood Lease Extensions
Northwood 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 Northwood, 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 Northwood, from Wikipedia, the free online encyclopaedia
Northwood is an elevated residential settlement in the London Borough of Hillingdon adjoining Ruislip Woods National Nature Reserve (which contains the Ruislip Lido) and which shares a northern border with Hertfordshire.
Northwood's population was recorded as 11,068 in 2008, by the Office for National Statistics reducing to 10,949 in 2011, and its south-eastern neighbourhood Northwood Hills had a population (in 2001) of 10,833. increasing to 11,578 in 2011.
Northwood was used for location filming of the Goods' and Leadbetters' houses and surrounding streets in the BBC TV situation comedy series The Good Life.
What does a Lease Extension Valuation by a Chartered Surveyor, for a property in Northwood include? Find Out More Here.
Contact Woodward Surveyors for more Information on Lease Extensions in Northwood.