Wednesday 10 March 2010

If your lease has less than 80 years to run, your service charges are too high, or you simply want to have control over your property - help is at hand. Owning a lease can now be much more like owning a freehold.

Background

Leasehold 'problems' in Portsmouth have been around for years. Some landlords have exploited unwary individuals both during their period of occupation and at the time they decide to sell, through excessive service charges, professional fees and not least lease amendments and lease extensions. The Government has created a fair balance between the parties. Many leaseholders can now take advantage of the opportunities that exist. The rules allow most leaseholders to:

• Extend their leases by a further 90 years, or
• (With others) acquire the freehold, or
• (With others) take over the 'management' of their flats

Landlords

Landlords are bound to follow strict procedures in relation to these rights. Please see the Verisona Leasehold Reform Guide for a step-by-step explanation dealing with the qualification, procedural and valuation issues that relate to each of these rights. We believe it is essential for leaseholders to make a fully informed choice for peace of mind and to safeguard their investment for the future. See separate guides: Verisona Lease extensions, Verisona Enfranchisement , Verisona Right to Manage

Find out what you can do

The rules are complex. We offer a free consultation service with absolutely no obligation. We can assess which options may apply to your lease. If you are interested simply complete the Leasehold Reform Contact Form; we shall be delighted to assist.