Re:The Grenfell Tower inquiry is uncovering a major corporat...
by avianlyric on Tuesday December 08, 2020 @07:05AM
(#25344174)
Your original comment suggested that renewal was in some way automatic. It isn’t, the leaseholder has to request it.
We’re not actually disagreeing here, I just found your original comment ambiguous.
> give you a renewal of, I think,50 years
Based on what my solicitor told me, I think you get a 999 year lease with peppercorn rent. But I could never find source for that.
I don't understand your point. My understanding is that if there is more than 21 years left on the lease the landlord has zero recourse to not give you a renewal of, I think,50 years, and if you apply for it and they fail to respond it renews automatically.
Most people facing this will engage long before 21 years as well