Lease Extension And Buying/Selling Flats – Avoiding The Problem Areas

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20% of England’s population live in flats, yet lease terms and statute can make the process of buying, selling and owning long residential flats far harder than might appear at first sight. This session will look at some of the more common problem areas and how to avoid them:

• Selling the flat and freeholder’s consent
• Advising your client on the lease terms including: sub-letting the flat, carrying out alterations and service charge obligations
• Maximising the value of the flat for your client on sale or purchase
• Enfranchisement, lease extension or right to manage – which is better and why?
• Ground rents, easier lease extension and other proposed changes

Sarah Thompson-Copsey, Non-Practising Solicitor, Legal Lecturer and Trainer