Lease Extension

The original term of the lease on all Teddington Grange properties was 99 years from the time they were released for sale. As the remaining term decreases the property becomes less valuable. Building Societies prefer longer leases as security, especially for first time buyers. Selling properties with leases of less than 70 years will become increasingly difficult as time progresses.

Although lease terms and their negotiations are not the responsibility of the Management Company the following information has been included for information only.

A number of leaseholders invited Shaw and Company based in Richmond to give a Leasehold Enfranchisement Seminar back in June 1998. After which around 40 decided to group together and employ Shaw and Company to negotiate on their behalf to extend their lease term. Perry Hay & Co Solicitors then carried this out work on behalf of each lessee with the Lessor - Peppercorn Property Investments Ltd.

If you wish to extend your original lease term you can either contact the Lessor directly or you could seek advice from Shelagh Testar of Perry Hay & Co who has experience in dealing with the Lessor.

Please make sure Teddington Grange Management Ltd is included as one of the parties by involving the Managing Company's solicitors:

Richard Steer & Company
Solicitors
72 High Street
Teddington TW11 8JD
Telephone: 020 8977 8621 Web: http://hosting.lawyerlocator.co.uk/hp/richardsteer/

Perry Hay & Co (Solicitors and Mediators)
25 The Green
Richmond. TW9 1LY
Telephone: (020) 8332 7532 Web: http://www.perryhay.co.uk/

Alternatly contact the freeholder, Peppercorn Property Investments Ltd, who can be reached on 020 8451 7672.

Next page > >