What happens when a lease comes to an end?

The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.

Does a freeholder have to extend a lease?

Am I allowed to extend my lease? Yes – if you’ve owned the property for at least two years you are entitled to demand a 90 year extension to be added to your existing lease from your freeholder. You only have to have owned the property, so you can still apply if you’ve been living somewhere else.

Can I extend my leasehold property?

All leaseholders who can extend their lease will have the right to do so by 990 years. Currently, leaseholders of houses can only extend their lease once, by a 50-year period, while leaseholders of flats can extend leases as often as they wish for a 90-year period.

Can I force my landlord to extend my lease?

You can ask the landlord to extend your lease at any time. You might be able to extend your lease by: 90 years on a flat if you qualify. 50 years on a house if you qualify.

Can I refuse to extend a lease?

If you decide to try to negotiate a lease extension, there are no rules and your landlord could refuse to extend your lease, or set whatever terms they like. For example, they may want to increase the ground rent as one of the terms.

Does a landlord have to renew a lease UK?

Firstly there is no obligation on a Landlord to renew a Tenancy agreement. This is because the tenant has automatically gained security of tenure for at the end of the initial rental period, say 6 months, from then on the Tenancy becomes a periodic tenancy.

How much does it cost to renew a lease UK?

Typical cost to extend a lease on a £200,000 flat by 90 years

LEASE LENGTH	EXTENSION COST	TOTAL
90 years	£4,500	£8,500
85 years	£5,500	£9,500
79 years	£13,000	£17,000
70 years	£19,500	£23,500

Can tenant stay after lease expires UK?

Your tenancy becomes a periodic tenancy automatically if you stay past the end of the fixed term without a renewal agreement. A periodic tenancy continues on the same terms and you should pay your rent as normal. It will roll monthly or weekly depending how often your rent was due during the fixed term.

How many years is a lease extension?

90 years
Extending the lease You might be able to extend your lease by: 90 years on a flat if you qualify. 50 years on a house if you qualify.

Why is extending a lease so expensive?

The cost of extending a lease relies on a concept called relativity, which describes how the value of the home drops as the lease term runs down. The lower the relativity, the more it costs to extend the lease. And that means that leaseholders who pay to extend their leases could be paying thousands of pounds too much.

What happens if a tenant doesn’t leave after section 21?

A section 21 notice does not actually end the tenancy. All it does is give the landlord the right to go to court and ask for an order for possession. So the tenants are fully entitled, legally, to ignore it and stay on if they wish. The tenants are liable to pay rent right up until the day they leave the property.

How does a lease come to an end in the UK?

For the lease to actually come to an end either: you formally surrender the tenancy if you choose to do so, or: the landlord serves a prescribed notice on you to gain possession of the property (the landlord will need a court order to gain possession of the property), or:

When do you have to leave a leasehold property?

When the lease runs out. You don’t have to leave the property when the lease expires. In law, a lease is a tenancy and the leaseholder is a tenant. The tenancy will continue on exactly the same terms unless you or the landlord decide to end it.

What happens when the lease on a property expires?

The fact that the lease has expired does not mean that the tenant has to leave the property. For the tenancy to actually come to an end either: the tenant formally surrenders (gives up) the tenancy (which he or she need not do unless they choose to do so), or:

Can a tenant move out at the end of a lease?

If the tenant does not want to renew the lease at the end of the lease agreement, they have the right to move out. In general, tenants must provide a 30 days notice period to the landlord before ending the lease. Why leases are for 99 years? Under notable common law, leases are for 99 years.