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Legal Eagle Q&A: 65 years left on the lease, what can i do?
Question: I have found a flat that I want to buy but there are only 65 years left on the lease. Is there anything that either I or the seller can do about this?
Answer: The seller has the right to request an extension to the lease, but if you buy it without the legal formalities transferring these rights to you then you will not be able to obtain the extension without a longer period of ownership. It is am important formality that I recommend is sorted out before you exchange contracts to buy.
This Q & A is by Melinda Giles at Giles Wilson Solicitors.
For legal advice please call 01702 477 106 or visit one of Giles Wilson's offices: 1711 London Road Leigh, 54 Leigh Broadway, 5 Roche Close Rochford
Website: www.gileswilson.co.uk
Twitter: https://twitter.com/GilesWilsonLLP
Facebook: https://www.facebook.com/GilesWilsonSolicitors/
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