Fred Davis provide specialist and expert advice on the valuation and negotiation of residential lease extensions and freehold purchases. Are you a leaseholder with a short lease or a freeholder who has received a S42 Notice from your tenant? We have the expertise to guide and support you to navigate the process and legislation on leasehold enfranchisement, giving clear and professional advice for timely conclusion.
Our services cover the entire spectrum of lease extension from detailed valuation report to expert representation in tribunals.
- Stage 1: Detailed Valuation Report
- Stage 2: Negotiation Services
- Stage 3: Expert Witness
We are able to support you through the process or provide standalone bespoke service as required. Most cases settle at the negotiation stage, but should the matter proceed to the tribunal, our team have successfully represented clients in Lower and Upper Tribunals. We will work with your solicitors to ensure that relevant procedures are followed under the various legislation.
Lease extension can be through informal or statutory route. Under the informal route, a leaseholder may approach their freeholder for an offer to extend the lease. The new lease terms and premium are entirely subject to negotiation with the freeholder, revision of ground rent and at an open pace. However, to avoid these uncertainties, a leaseholder can proceed under a formal route, protected by the Leasehold Reform Housing and Urban Development Act 1993, with specific provisions for a 90-year extension at zero (peppercorn) ground rent from the date of extension. To initiate the formal route, a leaseholder would require a valuation providing potential range of premiums and serve a Section 42 Notice on the Landlord.
Fred Davis provide residential valuation services for private and corporate clients. Our chartered surveyors are experienced in valuation of residential property and regularly provide valuation for various purposes including acquisition and Help to Buy.
Fred Davis development service covers:
Residential development consultancy including valuation of residential development.
Design of new build dwellings and residential extension. We provide planning application drawings, building regulations drawings.
Measured building survey