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propertylawyer
propertylawyer, Solicitor
Category: Law
Satisfied Customers: 285
Experience:  Property Solicitor with expertise in commercial and residential property transactions.
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I have received a way of service section 42 notice claim for

Resolved Question:

I have received a way of service section 42 notice claim for the right to extend the lease.
As the freeholder do I have to accept their offer,as it is very low compare to the survey I had requested. I have absolutely no idea of what my next step should be
Submitted: 1 year ago.
Category: Law
Expert:  propertylawyer replied 1 year ago.

Hi

There is a date stated on the form by which you must serve your response.

You cannot dispute the request for a peppercorn rent or an additional 90 years to the term, these are statutory rights for the tenant.

You can dispute the premium you state it on the response notice.

Your surveyor will then negotiate with the tenant's surveyor to reach agreement on the premium. There are time limits and they are strictly applied. The matter can be referred to tribunal if the parties do not agree within the set time limits.

Any further questions or queries? Happy to assist further.

Please accept /rate my response. Thanks.

Do come back to me if you need further information or anything clarified.

propertylawyer and other Law Specialists are ready to help you
Customer: replied 1 year ago.
What is the time limit? Where can I find it?
Customer: replied 1 year ago.
Sorry just find answers 30 th september.
Do I need a solicitor as well or can the surveyor negotiate?
Customer: replied 1 year ago.
Thank you for your answer so far. One last question. Item 4 on thé form state :
There is no other amount which I propose to pay in accordance with schedule 13 of the act.
Not sure what it means?