garage lease

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    garage lease

    Hi All,

    What is the average ball park figure for a lease length for a garage in London. it has its own title deed. If the lease is around 20 years remaining. is it as simple as applying for a lease extension , or can the freeholder withhold?

    thank you

    #2
    You have no statutory rights here at all (it is not a residential property). So it is matter of asking for a price and agreeing that, if you get agreement, otherwise there is nil you can do. In 20 years it will case to be your lease controlled garage.

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      #3
      After the lease ends the freeholder may not wish to extend it and if so it will become their property? if for arguments sake the lease is 20 years remaining (unsure what the average is for a garage) and I have yet to purchase the garage, is it best to agree on extension before purchase?

      many thanks

      Comment

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