Real Estate and Litigation Solicitors – Naylor Solicitors LLP

Pros and Cons of Non-Statutory Lease Extensions

Before deciding to serve a notice of claim on your landlord and exercising your statutory rights to a lease extension, it might be worth asking whether the landlord is willing to grant you a lease extension on a voluntary basis.

If the landlord agrees you could potentially save time and money. However there are disadvantages to taking this informal approach and whatever deal is reached should be weighed up against what you could achieve under the statutory process.

Below are the main pros and cons of a non-statutory lease extension:

Pros

Cons