In order to enforce the terms of a lease a ground rent must be set. In the past many leases had tiny ground rents so in some cases freeholders stipulated that the rent should, instead of money, be a peppercorn (as used in pepper grinders) to save them the trouble of collecting the money. Other kinds of token or nominal rents, such as £1, may also be referred to as peppercorn rents.
Use our handy online lease extension calculator to get an idea of what it may cost to extend your lease. This is only as a guide, for an accurate quote please contact one of our lease extension experts for free advice on what is best for you.
If you are unsure what any of the terms and phrases used in the calculation mean, please head over to our FAQ's which should answer any questions you have.
Our full-service fixed-fee lease extension service has you covered, from Start to finish.
One of the most common questions we are asked is ‘where do I start?’ and by working closely with Judge & Priestley Solicitors LLP and MAP Chartered Surveyors, we are able to manage your side of the negotiations from the very first step through to completion.
The uncertainty of the procedure and spiralling costs can put many people off, but by delaying you could be costing yourself more money. In our efforts to keep this simple, we have set a ‘fixed-fee’ so you know from the start what you’re paying for your legal fees and surveyors reports. With this cost structure and honest, clear advice, we are helping more and more leaseholders each month.
We have compiled a list of questions we are most frequently asked, however please do call us to discuss any leasehold issue. We can give you free, no obligation advice to help you decide on the option best suited to your situation.