If you are looking for an easy way to get a lease extension and your landlord is not granting it for unjust reasons, you can opt to replace the control of your home and allow it to be changed to a corporation who can help you to get better management and easier lease extension on your home. Often, you may face a situation where a lease extension becomes necessary. The fact is, if you are looking for a mortgage, you may find that most companies do not accept a lease that is less than 70 years to expire. If you do not get an extension on time, it can get way more expensive to get extended and can significantly lower the value of your property on the market.
Why should you get a lease extension?
If you are looking for a way to avoid such troubles, the best option is to get an extension as soon as possible. The cost starts increasing as soon as you hit the 80 year mark left for expiry. The extension process becomes much simpler when you have an experienced corporation managing your property. The company can arrange for anywhere between 90 years and 999 years to ensure that your family always has a place to call their own even after you are not present. The lease extension process needs to meet the twin criteria of residence for 2 years and a minimum 21 years left on your lease.
With proper measures taken at the right time, a company for property management in Birmingham can help you to stop the value of your home to drop.