Lease extensions: waiting could cost flat owners
By Kerfuffle Editorial ·
Flat owners with leases nearing or below 80 years are being urged to weigh up the cost of waiting for government reforms.
Lease extensions aren’t one to leave at the bottom of the inbox. Matthew Price, Associate Director at Peter Barry Surveyors, says flat owners nearing or already below 80 years on their leases should think carefully about the financial consequences of waiting for government reforms.
The warning comes amid concerns that some owners could face significantly higher costs if they delay. No one needs another tricky conversation added to the pile of calls and emails.
For your branch, make sure lease-extension questions are raised early, and encourage owners to consider their options rather than simply waiting for reform.
Read the full story at Property Soup.