The Dulwich Estate

Lease extensions

Most leases granted by The Dulwich Estate were originally for 99 years. These can be extended under the provisions of the Leasehold Reform, Housing and Urban Development Act 1993.

If you have owned your lease for two years, you are able to serve a Notice under Section 42 of the 1993 Act, requesting an extension of 90 years to the existing term of your lease. As soon as the application is received, we instruct our surveyors to inspect your property and to carry out a valuation of the premium to be paid for the new lease, and this will be negotiated either directly with you or your surveyors. Our solicitors will be instructed to make contact with your solicitors at the same time. It takes about four months from start to finish.

You are liable under the legislation for our costs in dealing with the Notice regardless as to whether or not the new lease is completed. These costs (assuming that the matter does not become protracted) total £2,610 inclusive of VAT and comprise:

Surveyors' fees £ 1,140
Solicitors' fees £ 1,320
Administration fee £    150 

The new lease will be on identical terms to the existing lease, other than the term being extended by 90 years. The only additional clause will be a provision for the Estate to determine the lease on the expiry date of the original lease, if the property is required for redevelopment.

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