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
Licensing construction; looking back to look forward
Voluntary to required contractors (licensing) schemes.
A contractor discusses the Building Safety Act
A brief to the point look at changes that have occurred.
CIOB Construction Manager of the Year award
Shortlist set to go head-to-head for prestigious industry title.
HSE simplified advice for installers of stone worktops
After company fined for repeatedly failing to protect workers.
Co-located with 10th year of UK Construction Week.
How orchards can influence planning and development.
Time for knapping, no time for napping
Decorative split stone square patterns in facades.
A practical guide to the use of flint in design and architecture.
Designing for neurodiversity: driving change for the better
Accessible inclusive design translated into reality.
RIBA detailed response to Grenfell Inquiry Phase 2 report
Briefing notes following its initial 4 September response.
Approved Document B: Fire Safety from March
Current and future changes with historical documentation.
A New Year, a new look for BSRIA
As phase 1 of the BSRIA Living Laboratory is completed.
A must-attend event for the architecture industry.
Caroline Gumble to step down as CIOB CEO in 2025
After transformative tenure take on a leadership role within the engineering sector.
RIDDOR and the provisional statistics for 2023 / 2024
Work related deaths; over 50 percent from construction and 50 percent recorded as fall from height.