Statutory lease extension
Statutory lease extension is a legal process through which a leaseholder can increase the number of years remaining on their lease. For a house, this will be under Part 1 of the Leasehold Reform Act 1967, or for a flat, under Chapter 2 of Part 1 of the Leasehold Reform, Housing and Urban Development Act 1993. The nature of the statutory lease extension is also likely to be impacted by the Leasehold Reform (Ground Rent) Act 2022.
A voluntary (or ‘non-statutory’) lease extension on the other hand is a process which is followed to increase the number of years remaining on a lease, without needing to follow the exact steps as set out in the law, these too are impacted by the Leasehold Reform (Ground Rent) Act 2022.
For further information visit Leasehold Reform (Ground Rent) Act 2022: Guidance for leaseholders, landlords and managing agents.
[edit] Related articles on Designing Buildings
- Assured shorthold tenancy.
- Betterment.
- Built to suit.
- Buy-to-let mortgage.
- Code of practice for letting and managing agents.
- Commonhold.
- Difference between assured shorthold tenancy and assured tenancy.
- Dilapidations.
- Excluded occupier.
- Freehold.
- Green lease.
- Ground rent.
- How to evict a tenant.
- Landlord.
- Landlord and Tenant Act.
- Lawyer.
- Lease Negotiations - Tenants Checklist.
- Leasehold.
- Leasehold covenants.
- Leasehold enfranchisement.
- Leasing a property - what you need to know.
- Licence for Alterations for Apartment.
- Meanwhile use.
- Occupier.
- Peppercorn rent.
- Property guardianship.
- Quantified demand.
- Rent-free period.
- Rent in administration.
- Rent review.
- Restrictive covenant.
- Reverse premium.
- Reversion.
- Right to manage.
- Sample retail lease.
- Scott schedule.
- Security of tenure for commercial leases.
- Semi.
- Service charge.
- Shared ownership.
- Short term lets.
- Subletting.
- Supersession.
- TA6 Property Information Form.
- Tenant.
- Types of building.
- Vacant possession.
- What is a mortgage?
Featured articles and news
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.
CIOB photographic competition final images revealed
Art of Building produces stunning images for another year.
HSE prosecutes company for putting workers at risk
Roofing company fined and its director sentenced.
Strategic restructure to transform industry competence
EBSSA becomes part of a new industry competence structure.
Major overhaul of planning committees proposed by government
Planning decisions set to be fast-tracked to tackle the housing crisis.
Industry Competence Steering Group restructure
ICSG transitions to the Industry Competence Committee (ICC) under the Building Safety Regulator (BSR).
Principal Contractor Competency Certification Scheme
CIOB PCCCS competence framework for Principal Contractors.
The CIAT Principal Designer register
Issues explained via a series of FAQs.