Lease Extension Knowledgebase for Professionals
PART 1: Legal Framework
Chapter 1: Foundations of Leasehold Law and Reform
Chapter 2: Eligibility and Qualification Requirements
Chapter 3: Statutory Procedure and Notices
- Serving the Section 42 Notice: Requirements and Timing3.1
- Landlord’s Counter-Notice Under Section 45: Responses and Deadlines3.2
- Statutory Time Limits and Extensions: Key Deadlines and Consequences of Delay3.3
- Land Registry Registration Gap Post-Purchase3.4
- Assigning the Benefit of a Section 42 Notice3.5
- Completion and Land Registry Registration3.6
- Ground Rent Apportionment on Completion3.7
Chapter 4: Landlord Defences and Challenges
Chapter 5: Tribunal and Legal Proceedings
Chapter 6: Court Proceedings
Chapter 7: Special Legal Circumstances
Chapter 8: Informal Extensions
Chapter 9: Important Cases on Costs (Section 60)
Coming Soon
Chapter 10: Important Cases on Drafting Terms (Section 57)
Coming Soon
Chapter 11: Other Important Cases
Chapter 12: Drafting
- Drafting New Lease Terms: Peppercorn Rent and Covenants12.1
- Negotiating Lease Variations and Modifications (s.57 of the Act)12.2
- Entirely new lease or a standard precedent?12.3
- Mortgageability and Lender Requirements12.4
- Landlord’s Right to Redevelop (s.61 of the Act)12.5
- Management Company as a Party to the Lease12.6
Chapter 13: Recent Reforms and Updates
Chapter 14: Resources
PART 2: Valuation Framework
Chapter 15: Valuation Principles and Techniques
- Schedule 13 LRHUDA 1993: Valuation Framework15.1
- Relativity Graphs (e.g., Savills and Gerald Eve)15.2
- Capitalisation Rates on Lost Fixed Ground Rent15.3
- Capitalisation Rates on Doubling Ground Rent15.4
- Equivalent Capitalisation Rates on RPI Linked Ground Rent15.5
- Deferment Rate for Loss of Freehold Reversion15.6
Chapter 16: Important Valuation Cases
Coming Soon