If you’re a freeholder who has been approached by a leaseholder seeking to extend their lease, Fallows can guide you through the process with clarity and confidence.

We provide expert advice on:

1. Valuation of the Lease Extension Premium
We begin by assessing the current lease terms and calculating the premium the leaseholder is expected to pay. This is based on a formal valuation, which considers the unexpired term, ground rent provisions, and market value of the property. Our reports are RICS-compliant and suitable for negotiation or tribunal use if required.

2. Negotiation on Your Behalf
Once the leaseholder has made a formal or informal approach, we can act on your behalf to respond, provide counter-proposals, and negotiate fair terms. Our aim is to secure a premium that reflects the true value of your interest, while avoiding unnecessary delays or disputes.

3. Understanding Costs – Often Covered by the Leaseholder
Under statutory lease extension procedures, the leaseholder is typically required to cover the reasonable professional costs incurred by the freeholder, including valuation and legal fees. We ensure these are clearly accounted for and communicated from the outset.

Whether you have received an informal enquiry or a formal Section 42 notice, Fallows is here to protect your interests and guide you through the lease extension process with professionalism and transparency.