Rickmansworth Lease Extensions by Woodward Chartered Surveyors
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If you are a qualifying leaseholder, with property in Rickmansworth, 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 2 years at the time of serving notice.
- Not be a business or commercial tenant.
Rickmansworth is a small town in south-west Hertfordshire, England, situated approximately 20 miles (32 km) northwest of central London and inside the perimeter of the M25 motorway. The town is mainly to the north of the Grand Union Canal (formerly the Grand Junction Canal) and the River Colne. The nearest large town is Watford, approximately 5 miles (8.0 km) to the east. Rickmansworth is the administrative seat of the Three Rivers District Council; the local authority is named from the confluence of three rivers within Rickmansworth's borders; the River Gade and the Grand Union Canal join the upper River Colne near Rickmansworth's eastern boundary and are joined by the River Chess near the town centre from where the enlarged Colne flows south to form a major tributary of the River Thames. The town is served by the Metropolitan line of the London Underground and Chiltern Railways from London Marylebone to Aylesbury.
What does a Lease Extension Valuation by a Chartered Surveyor, for a property in Rickmansworth include? Find Out More Here.
Contact Woodward Surveyors for more Information on Lease Extensions in Rickmansworth.