🏰 Lease extension letter
A lease extension letter is a document that is used to extend the term of a lease agreement between a landlord and a tenant. The letter outlines the terms of the extension, including the length of the extension and the date by which the tenant must vacate the property. The letter also outlines any changes to the terms of the original lease agreement that will be in effect during the extension period.
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Standard Notice of Claim by Tenant to Landlord (New Lease of Flat)
This template is typically used when a tenancy agreement is coming to an end, or when tenants wish to extend their lease beyond the agreed duration. By submitting this notice, tenants are initiating the process of requesting a new lease from the landlord under the applicable terms of the UK law.
The template would contain essential details such as the tenant's full name and contact information, the landlord's name and contact information, the address of the flat in question, and the date on which the notice is submitted. Additionally, it might include specific information about the existing lease agreement, including the start and end dates, rent payment details, and any other relevant terms.
By utilizing this legal template, tenants can ensure that they comply with the necessary legal requirements while expressing their intent to claim a new lease on the flat they currently occupy. It serves as a formal document that establishes the tenant's legal rights and obligations and provides a clear record of their claim.
Publisher
Genie AIJurisdiction
England and WalesAssociated business activities
Extend lease
Leaseholders have the right to extend their lease by 90 years if they've been the registered owner of the property for at least 2 years. Benefits of extending a lease include more security of tenure and the potential to increase the value of the property.
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