Lease Extension Term With Head Lease
Description
How to fill out Lease Extension Term With Head Lease?
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FAQ
Dear (Name of Landlord), This letter is a formal request to renew the lease on the property at the above address for another year. The lease expires on (Date) and I would like to renew it until (date). (Describe in your words).
As leaseholder you have the right to add 90 years to what is left on your existing lease. For example, if you have 75 years left on your lease you will be given a new lease of 165 years. Alternatively you may be able to extend your lease to any number of years by negotiating informally with your landlord.
A 'head leaseholder' will be the leaseholder with the longest lease, who has leased your flat to you and who pays ground rent to the freeholder. Right-to-manage company: The right to manage is a way for leaseholders of a building to take over managing that building.
A lease held directly from the freeholder and subject to one or more underleases. It is sometimes called a head lease.
