Support for Leaseholders – Extending Your Lease

If you’re a leaseholder considering extending your lease, Fallows can guide you through the process from start to finish—helping you understand the costs, secure a fair deal, and protect your long-term interest in the property.

We provide expert support with:

1. Valuation of the Lease Extension Premium
We begin by assessing your lease and calculating the premium likely to be payable to the freeholder. This formal valuation takes into account the remaining lease term, ground rent provisions, and the current market value of the flat. Our valuations are RICS-compliant and suitable for negotiation or use in tribunal proceedings, if needed.

2. Negotiation and Strategy
Once you’ve served notice or approached the freeholder informally, we can support you throughout negotiations. Whether you're dealing with an experienced landlord or a company, we’ll work to ensure you pay no more than is fair—while keeping the process as smooth and efficient as possible.

3. Understanding Costs
In most cases, you’ll be responsible not only for your own professional fees (such as valuation and legal costs), but also for the reasonable professional fees of the freeholder. We’ll provide clear guidance from the outset, so you know what to expect and how to budget effectively.

Whether you're planning ahead or already in contact with your freeholder, Fallows can help you navigate the lease extension process with clarity, confidence, and no unnecessary pressure.