Absent Landlord

Even in the case of an absentee landlord, it may be possible to extend your lease, exercise your right to manage or buy your share of freehold.

The Leasehold Reform, Housing & Urban Development Act 1993 and the Commonhold and Leasehold Reform Act 2002 provide for leaseholders to extend the lease, purchase the freehold or exercise the right to manage even when the landlord is not present.

This process usually takes longer than when the landlord is present, but it can work out cheaper because you will not incur their legal or valuation fees and the premium will be decided fairly by the FTT rather than through negotiations with the landlord.

For further information please consult our online guidance article.