Lease Extension

NB. January 2021 Government announcment. With the proposed new laws concerning lease extensions, it seems sensible to look at the implications before proceeding with any extensions without taking expert advice on the changes due when passed into law. (TGML are unable to give specific advice on the changes)

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 more difficult to sell. Mortgage Lenders prefer longer leases as security.

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

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

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

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

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