In order to qualify for a lease extension you need to own a ‘long lease’ of a flat. A ‘long lease’ is a lease that is granted for more than 21 years originally (regardless of how long the lease is now). You need to have been the registered owner of the property at the Land Registry for at least 2 years.
Subject to these conditions, you can bring a claim to an extended lease. There are no restrictions on who may bring a claim and therefore a company or an individual or a trust can claim an extended lease, subject to 2 years’ ownership and the property being a long lease flat as stated above.
- More about extending your lease.