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Learn A Few Tips About Lease Extension

By Jack Wogan

Our home is one of the most important parts of our life. This is why, when it comes to renewing our lease we shouldn’t neglect it! This is a decision that we cannot overlook or postpone! When you do this you will not only increase the value of your home but you will also be protecting your family in the meantime. What is worrying is that many leaseholders don’t think about their lease until it expires and it is too late. These problems can be easily avoided when you simply use a lease extension calculator and research what your next move should be.

Some of the problems that might arise are related to remortgaging and selling your home, if this would be in your plans. Most of the mortgage lenders will refuse to lend you any money in case you have less than 70 years reaming on your lease. There are times when a 60 year threshold will be accepted but not lower than this. What this means is that you won’t be able to remortgage and if you sell the price that you are going to receive will be less than you should be offered. If you are not interested in such situations then you should make sure that you follow some important steps.

You need to start with an online search and also use the lease extension calculator to find out some more details about the matter at hand. The next step is to hire a surveyor in order to better understand the value of your home and maybe create a better idea about the price.

You need to bear in mind that such an issue will also have some budgetary implications. The lease extension charges are going to be small though so you really shouldn’t give this too much thought. You should definitely be focusing on the extension of the lease and the way you can make this matter resolve itself faster.

The best choice you have is to hire an expert that knows how to handle such actions. When you know that you have someone that can offer you good legal advice then you can start focusing on talking to your freeholder. Also, you should talk with the other leaseholders in order to gain strength in numbers. There is nothing worse than losing your home this is why you need to fight with every chance you have.

Using a lease extension calculator is the best option you have when you are looking to get a lease extension for your firm.

Article kindly provided by UberArticles.com

Topics: Home and Family | Comments Off

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Article Citation
MLA Style Citation:
Wogan, Jack "Learn A Few Tips About Lease Extension." Learn A Few Tips About Lease Extension. 16 Oct. 2012. uberarticles.com. 1 Dec 2014 <http://uberarticles.com/home-and-family/learn-a-few-tips-about-lease-extension/>.

APA Style Citation:
Wogan, J (2012, October 16). Learn A Few Tips About Lease Extension. Retrieved December 1, 2014, from http://uberarticles.com/home-and-family/learn-a-few-tips-about-lease-extension/

Chicago Style Citation:
Wogan, Jack "Learn A Few Tips About Lease Extension" uberarticles.com. http://uberarticles.com/home-and-family/learn-a-few-tips-about-lease-extension/


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