Voluntary lease extension
A voluntary ( or ‘non-statutory’) lease extension is a process which is followed to increase the number of years remaining on a lease, without needing to follow the exact steps as set out in the law (which results in a statutory lease extension). As well as a statutory lease extension a a voluntary ( or ‘non-statutory’) lease extension by its nature is also likely to be impacted by the Leasehold Reform (Ground Rent) Act 2022.
See also Statutory lease extension and Leasehold Reform (Ground Rent) Act 2022 and for further information visit Leasehold Reform (Ground Rent) Act 2022: Guidance for leaseholders, landlords and managing agents.
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