0:02 AM, 31st May 2023, About 9 months ago 12
Hello, I am in process of selling a 1 bed flat and need to extend the lease. The lease has approx. 53 years to run.
The flat is valued at around £170,000.
The lessor has proposed a premium of around £28,000 for an extension of 72 years.
Is it usual/possible to negotiate the premium?
Does the premium amount look reasonable?
Previous ArticleLandlord exodus looms as Renters' Reform Bill rattles the sector
Next ArticleLandlords will hike rents to deal with pets