Letter From Camden on lease extensions

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    Thought I would share this response to my enquiry to Camden:

    Thank you for your enquiry regarding extending the lease.

    We do not issue voluntary lease extensions nor give an indication as to price. You will have a statutory right to acquire a lease extension once you have held the lease for two years. You would need to appoint a solicitor to submit a formal notice under section 42 of the Leasehold Reform Housing and Urban Development Act 1993. I can advise that a new lease would be for the remaining term of the existing lease plus 90 years and only upon receipt of this notice would we instruct our valuer to calculate how much the lease renewal would cost, and respond with our own counter notice.

    Further information on the lease renewal process can be obtained from an independent body called the Leasehold Advisory Service (LEASE)

    The LEASE website contains lists of recommended professionals. We recommend that you appoint a solicitor and surveyor to act on your behalf as you will be liable for the landlords costs from the moment you serve a valid notice on the freeholder.

    The initial notice should be served on the following address:

    Paul Hewitt
    Leasehold Principal
    Leaseholder Services
    Housing and Adult Social Care
    Town Hall
    Judd Street
    London WC1H 9JE

    Fees associated with a Lease Extension:

    Claim investigation fee: £135
    Valuation: £450
    Legal fee: Variable

    Kind regards

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