One of the major benefits of a leaseholders increasing the term of their lease is that they come to sell the property then they will get greater returns that before. Though there is no obligation to do so it is always best that the leaseholder gets the assistance of lease advice solicitors Sydney. A solicitor who specialises in this particular field can always guide the client on points of law, give advice and also assist in negotiations with the freeholder.
The negotiation by commercial lawyers Sydney could be crucial. This is especially so if the freeholder is willing to drive a hard bargain. A lease advice solicitor on the other hand will be familiar with such discussions, and will approach them in a much professional way while ensuring this client’s interests are secured.
A potential point in any negotiation is generally the cost of the lease extension, and while some freeholders are quite reasonable over these kind of matter. They need reasonable price—if anything at all—there are those who will try to make as much as possible out of the deal. This is where the solicitor’s negotiations skills come into picture.
Before moving into any kind of discussion it is important having the property evaluated for its worth. The valuation process takes into account the freeholder’s interest in the property, the resale value of the property and the loss to the freeholder, rental income and any other extra facilities. Also, it is very important that the valuation is done professionally and this can be done by an experienced lease advice solicitors Sydney.
They make the entire extension process much simpler and easier. Make sure you choose an experienced solicitor for this purpose who can provide you good results and expected services. You can always conduct some online research as there are many solicitors with their personal websites. This will give you a fair idea about their credentials, fee, certifications and services.
