Whether you prefer a Statutory Lease Extension of an additional 90 years and a peppercorn ground rent or an informal lease extension with terms to suit, we provide comprehensive expert advice to help you decide. Looking to acquire the freehold of your block of flats or have you received a Section 5 Notice served by your Freeholder?
Contact us today and we'll be pleased to advise. Need an Inheritance tax (probate) or Capital Gains Tax Valuation? Our specialist taxation valuations meet the latest RICS Valuation Standards, whilst our valuers are highly experienced at negotiating favourable settlements with the District Valuers Office on your behalf.
Contact us today and we'll be pleased to advise. Need an Inheritance tax (probate) or Capital Gains Tax Valuation? Our specialist taxation valuations meet the latest RICS Valuation Standards, whilst our valuers are highly experienced at negotiating favourable settlements with the District Valuers Office on your behalf.
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The Leasehold Reform Housing and Urban Development Act 1993 ('the Act') provides a lessee, who has owned a flat for in excess of two years and who holds a lease which was originally granted for a term of over 21 years, a statutory right to extend the length of that lease by an additional 90 years to and to reduce the annual ground rent to a peppercorn (nil value).
The Leasehold Reform, Housing and Urban Development Act 1993 ('the Act') provides qualifying lessees with the legal right to purchase the freehold of the building within which their flats are located; otherwise known as 'the right to collective enfranchisement'.
Our clients express various reasons for acquiring the freehold, including that flats with a share of the freehold are typically of more interest to buyers than those without; to self-manage or appoint their preferred firm to manage the block; to grant 999 year leases; to take control of the finances, budgeting and long term maintenance of the block; or simply because the freeholder is missing.
Our clients express various reasons for acquiring the freehold, including that flats with a share of the freehold are typically of more interest to buyers than those without; to self-manage or appoint their preferred firm to manage the block; to grant 999 year leases; to take control of the finances, budgeting and long term maintenance of the block; or simply because the freeholder is missing.
Unfortunately, far too many houses have been sold on a leasehold basis without buyers truly understanding the implications. Many of these not suffer from onerous ground rents and restrictive covenants making them near on impossible to sell at true market value.
Relief however can be found within the Leasehold Reform Act 1967 ('the Act') which provides qualifying lessees of houses with the right to acquire on fair terms the freehold of their house and premises.Please don't hesitate to contact us to discuss acquiring the freehold of your leasehold house.
Relief however can be found within the Leasehold Reform Act 1967 ('the Act') which provides qualifying lessees of houses with the right to acquire on fair terms the freehold of their house and premises.Please don't hesitate to contact us to discuss acquiring the freehold of your leasehold house.
Where the landlord cannot be found or his identity ascertained, a lease extension claim or a freehold acquisition claim can still go ahead. Once you, or your solicitor have made every endeavour to track down a missing landlord and, assuming sufficient proof of this is provided to the County Court, a vesting order can be granted, with the First Tier Tribunal subsequently determining the premium to be paid into Court.
We provide formal property and estate valuation advice, compliant with RICS Valuation Standards, for Capital Gains Tax and Inheritance Tax purposes. Having trained and worked at the District Valuers for over eight years, Johanne Coupe is experienced and well placed to negotiate settlements with the District Valuer's office when necessary.
Reviews (3)
Monika F.
Sep 19, 2019
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I was recommended Johanne Coupe when arranging a lease extension. Jo provided a very comprehensive evaluation and calculated a price the extension should cost. As a result I was able to re-negotiate lower lease extension price (and save myself a lot of money). I was very impressed with how professional and efficient the service was and I'm grateful to Jo for explaining everything clearly along the way. I would highly recommend!
Jonathan Sankson
May 26, 2019
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I contacted Johanne Coupe to discuss the purchase of the Freehold of a block of 4 Flats on behalf of the current Lessees. As a group we needed reassurance that the asking price from the Landlord was calculated correctly using the stipulated legislation. Johanne explained the valuation process, reviewed the offer and confirmed the price was fair. We are now in the final stages of the acquisition. I would recommend Coupe Property Consultants without hesitation. Thoroughly Professional.
Simon Gore
May 15, 2019
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I was recommended Johanne Coupe by a neighbour. Needing advise on how best to deal with doubling ground rent. Johanne knows her stuff and told me everything I need to know and all options open to me. We are currently waiting to see what the government comes up with later in the year, so for now we are on hold. With Johanne's advice we will then see what our next step is. I would highly recommend Johanne based on my experience.
