If you own a leasehold property in the Sheffield region, or anywhere in England and Wales, it's essential to check how long you have left on your lease before it’s too late. If your lease has 80-90 years or less before it expires, you need to speak to our leasehold specialists at Banner Jones Solicitors for advice on your options.
As a leaseholder, you own the property and its land for the length of your lease agreement with the freeholder. Once the lease expires, the property will go back to the freeholder.
If the remaining time of the lease is shorter than 80-90 years, your property will steadily become less valuable, so extending your lease can be vital to ensure that your proerty can be sold in the future.