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[sgclacy]

A statutory lease extension offers just one option – 90 years added and a peppercorn rent and the law commission now feel that there should be greater flexibility and that lessee should be given the right to extend the term keeping the rent terms the same or extinguishing just the rent but keeping...

[sgclacy]

Flying freehold is quite correct, but his words have incorrectly interpreted by the OP.

Both individuals and companies can roll over gains resulting from statutory lease extensions. Individuals pay CGT and companies pay corporation tax on their gains. If the individual or company holds...

[sgclacy]

My approach would be this

I would write to the solicitor acting for the lessee offering to extend the lease term and keeping the ground rent the same and if they accept that offer there will be no valuation fee just your legal costs. The deal to be completed before the expiry of the time...

[sgclacy]

When you make the application under Section 168 (4) the Tribunal will request that you notify any mortgagee who has an interest in the flat to which you are taking action against.

Needless to say the mortgagee will take the matter very seriously indeed and will appoint solicitors to protect...

[sgclacy]

It would be regarded as a derogation of your rights and if it affects the value of your property, and that can be substantiated, then you may have a claim for damages.

In most cases the amount awarded would be far less than the costs of the claim...

[sgclacy]

You could seek the appointment of a manager from the FTT who will carry out the works, recover the cost and will cost you both more, but it will get done...

[sgclacy]

Almost all lease give you the right to inspect the property upon giving appropriate notice

if that is the case here then exercise your right and have your surveyor view the works carried out...

[sgclacy]

This is all about selling practices and involves no arguments about the rights and wrongs of leasehold law...

[sgclacy]

As you are varying the lease (as opposed to surrendering and accepting a re-grant) the management company which I assume are a party to the lease do not have to execute the deed. Their covenants and rights are unaffected by the proposed changes