Under the Leasehold Reform, Housing and Urban Development Act 1993 (as amended by the Commonhold and Leasehold Reform Act 2002) a leaseholder may have the right to extend their lease by purchasing a new lease. This legislation also gives groups of leaseholders living in the same block the right to purchase the freehold. Both of these rights are subject to some specific conditions which are set out in law and which Bron Afon will provide leaseholders with more information about on request.
If a leaseholder does not qualify under the statutory terms Bron Afon will consider extending the lease at its discretion.
When permissible under the law and in all cases where it considers extending a lease at its discretion, Bron Afon will take the opportunity to determine a new lease if an extension application is made. In these cases, Bron Afon will inform the leaseholder of the proposed terms of the new lease and how they differ from those for their existing lease, before any extension takes effect.