Are we overlooking anything?
10:59 AM, 1st July 2020, 6 years ago
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Hi, we are the flying freeholders of a flat ( with 3 leased garages below) all with 59 years remaining on lease.
One of the garage tenants wishes to sell their house which includes this leased garage.
Their solicitor enquired if we would be willing to extend the term of the Lease.
Currently we receive only £20 p/a and do not consider it worth the hassle/cost to extend.
Are we overlooking (no pun) anything?
Thank you.
Shaun
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