Freeholders valuer not authorised to negotiate the premiumMake Text Bigger
I am on the process of extending my lease. My surveyor has informed me that the Freeholder’s surveyor is not authorised to negotiate the premium! Is this normal?
My surveyor is going to contact and negotiate with my Freeholder directly. My Freeholder is a large company with more than a thousand property in their portfolio and I am certain that my Freeholder will play hard ball and probably ignore my surveyor.
My solicitor is saying that my Freeholder does not have to negotiate the premium if he does not want to and he can apply to the tribunal. Has anyone got any experience of this? I am worried that the cost of tribunal would be huge. Any advice would be most appreciated.
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