Do I need to extend my lease?
Most leasehold properties start off with a lease of either 99 or 125 years. When the remaining term of your lease drops to 80 years, it may become harder for you to sell your home, so it’s a good idea to extend your lease so that it doesn’t drop below 80 years.
There are two options available to you if you'd like to extend the lease on your home:
- Extending my lease - A2Dominion's voluntary lease extension scheme
- Extending my lease under the Leasehold Reform, Housing and Urban Development Act 1993
Please note that shared owners can only extend their lease via A2Dominion's voluntary lease extension scheme.
You will need to pay to increase the term of your lease.
What happens if I do not extend my lease?
Once the remaining term of your lease drops to 80 years, your property is likely harder to sell. If the term of your lease is reduced to zero years, then your property comes back into A2Dominion's ownership.