Lease extension policy

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Our Lease Extension Policy outlines our approach to extending leases outside any statutory entitlement, including when we’ll use our discretion to extend leases for shared owners.

Full leaseholders (these are leaseholders who own 100% of the equity in the property leased to them) have a statutory right to extend their lease if they meet the relevant requirements.

They can choose to follow this Policy to ask us to extend their lease (and agree a valuation), or pursue the statutory route. If they choose to use the statutory route, the statutory process will be followed outside of this Policy. There is no statutory entitlement to extend a shared ownership lease.