Hi,
Am about to buy a flat with a 72 years lease. This is a conversion flat. I seems I can ask for a lease extension after 2 years but don't know if the other owner (1st floor) needs to ask for it as a common request. what's happened if the owner of the other flat is ok with the actual lease and doesn't want to ask for an extension ? The estate agency told me it's managed separetly... Is that right? I mean can I have a extension to a 99y leasehold and the other flat stays with the 70 years remaining in the same house (1 freeholder)? or do we both need to agree and ask for it?
Thanks for your help,
Remy
Am about to buy a flat with a 72 years lease. This is a conversion flat. I seems I can ask for a lease extension after 2 years but don't know if the other owner (1st floor) needs to ask for it as a common request. what's happened if the owner of the other flat is ok with the actual lease and doesn't want to ask for an extension ? The estate agency told me it's managed separetly... Is that right? I mean can I have a extension to a 99y leasehold and the other flat stays with the 70 years remaining in the same house (1 freeholder)? or do we both need to agree and ask for it?
Thanks for your help,
Remy
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