Lease Assignment

Assignment of a lease extension in conjunction with the sale or purchase of a flat

If you are a buyer purchasing a flat with a short lease, provided the seller has owned the flat for 2 years, he can commence a statutory lease extension by serving a section 42 notice of claim and assigning the benefit of that notice to you on completion of your purchase of the flat. You then take over the lease extension even though you have not owned the flat for 2 years.

The same applies if you are a leaseholder selling a flat with a short lease. Your buyer may ask you to serve a section 42 notice of claim and assign the benefit of that notice to them on completion of the sale of the flat.

Other areas of leasehold enfranchisement

• Extending the lease on your flat (lease extensions – statutory and by agreement)
• Buying the freehold of your building (collective enfranchisement)
• Buying the freehold or extending the lease of your house
• Tenants' right of first refusal to buy the freehold of their building
• Right to manage your building
• Missing landlord applications

Contact Us

Call our head office in Welling on 020 8301 0808 or contact us for a consultation.