The valuation date is locked once notice is serviced, therefore the price. 3. Request Letter to Bank for Converting Savings Account to Salary Account – Letter to Bank Manager for Convert Salary Account. You can extend the lease on a shared ownership property. DOC. Sample – Non-Renewal Lease Letter. W. The Leasehold Advisory. This will be determined as part of the process. Find the original lease and look it over. They can be contributed by sending to editor@armywriter. , a fixed-term lease or a month-to-month lease. co. 8. A lease is ampere legal document, so a tenancy extension letter request must be treated with the same level of importance. Re: Lease Expiration and Renewal for _____ Dear: It is a pleasure having you as a tenant and we hope you are enjoying your home. Comparing lease extension against Re-leasing. Step 2 – Give the Tenant a Rental Application Form to Fill Out. If you are interested in the steps to lease extension, read our next article: Lease extension process. Memorandum Templates & Examples. The upfront costs involved in a lease extension will depend on the lease you currently hold and the procedure you wish to follow; Informal procedure: - Peabody administration fee: £250 inc. Informal lease extensions may offer a commercially sensible solution to a particular leaseholder. Read More. How is the price of an informal lease extension determined? The premium that should be charged for the lease extension needs to be negotiated between the parties. Download and use this template to write a letter to the lessor asking to extend your lease. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. Sanctuary will instruct the RICs accredited surveyor to provide a lease extension valuation report. The subject will follow the salutations in your leave extension letter. In request a lease extension, submit a formal letter containing all the pertinent details your owners needed to make adenine decision. Amount of the current rent. Schedule Inspection. Step 2 – Appoint a lease extension solicitor with expertise in the field and who is a member of the Association of Lease Extension Practitioners (ALEP). you’re a mining tenant. or. Provided they agree, there is still the time it takes to negotiate the terms of the new lease and the premium to be paid. The total mileage you require (the total mileage for your current contract plus the mileage you need for the. Cloned 61,887. . Leaseholders can sell their leases provided they comply with any provisions contained in the lease. An informal lease extension can sometimes provide a more straightforward and cheaper deal for the leaseholder, but this is not always the case. This will include the length of the extended term, the premium payable for the lease extension, and any future ground rent payable. Other terms may also change when a contract is extended (such as pricing). After starting your LOI with a concise statement signifying your intent, you can now add the details to the body of your letter. This agreement will tie you into an agreed period past your contract end date, normally for either 6, 9 or 12-months. com or by pasting into the form below. If you are not able to agree a lease extension with your landlord, you would need to go down the statutory route that is the subject of this guide. City, State, Zip Code. February 17, from 6am. As the terms of the acquisition of the. CHA-0022 HCV Change of Ownership/Management Packet. King's speech and lease extensions here. DOC Create Document. This could be based as a percentage. Download a template informal letter enquiring about lease extension of a flat, or to purchase the freehold of a house or flat More information you might find useful: Collective Enfranchisement – Getting Started With an informal extension, the leasing company extends the lease for a relatively short term — typically six months or less — without a new lease agreement and with the same payment schedule as in your original contract. I am handwriting to let you know is EGO am happy to extend the lease agreement for the characteristics yours are renting at [Property Address] for another [Number about Years] years. I would like to amend that date to end on [new date]. May 12, 2022Here is what to include: Renter’s name. Request a deposit of £250 or 10% of the offered premium, whichever is the greater. Click here to use the Leasehold Advisory Service online calculator to calculate a rough estimate of the cost of your lease extension. Date by which you need a decision, usually 10 days to two weeks. Property address and unit number (if applicable). Under this route, a leaseholder can approach the freeholder in the first instance and ask whether they are interested in selling them the freehold. When you’ve signed up and paid for your subscription, you can utilize your Sample Letter for Lease Extension - Relocation as often as you need or for as long as it remains active where you live. Date the tenant must vacate property if they do not agree to increase. 1. Once signed, the agreement is. The informal route is where the leasehold er simply contacts their landlord (usually the freeholder) to try and negotiate a lease extension. Here we look at the legal or conveyancing process for buying a leasehold property. Increasing Rent When Renewing a Month-to-Month Lease. Informal lease extension explained If you're looking to extend your lease, an informal. The second is to simply agree a deal with your freeholder, known as an informal lease extension. follows a formal timetable where you. How to Write Informal Letters: A Step-by-Step Guide; How to Write Formal Letters: A Step-by-Step Guide; 10 Tips for Effective Letter Writing;Request Extension away Advice in Vacate. Once a tenant’s lease lives coming toward an end a lease extension letter can be sent by whether this tenant button an landlord to request that steps become caught to renew the lease. The ground rent will be £250 a year, doubling every 10 years. However many websites / articles caution against “agreed lease extensions” where you have negotiated with the Landlord and not gone through the statutory. What does the letter of extension for a lease mean? What is the procedure for composing a formal letter to your landlord? Download and use this template to write a letter to the. To request a lease extension, submit a informal letter containing all who pertinent detailed your landowner needs to make one decision. Remove name from lease letter sample - 6-12-08 Letter to Rabbi Cunin Denying Lease Extension - smmc ca Arnold schwarzenegger, governor state of california resources agency santa monica mountains conservancy ramirez canyon park 5750 ramirez canyon road malibu, california 90265 phone (310) 5893200 fax (310) 5893207 v i a e l e c t r o n i c m. Kindly make provision for the increment. The letter have include: Your nominate, current address also contact informationKey takeaways: There are pros and cons to using lease renewal agreements and lease extensions. This is a basic letter that can be used to request for an extension of the lease or the renewal of the lease. Address and date are the headers of most business letters. At about 60 years, the cost of extending the lease increases by about 1% of the value of the property each year – i. Here is a step-by-step guide on how to write a lease extension letter. Informal letter enquiring about lease extension of a flat, or to purchase the freehold of a house or flat [Landlord’s name] [Landlord’s address] [Landlord’s address] [Landlord’s. S. An informal lease extension process starts by making contact with the freeholder and negotiating the terms of the new lease. If feasible, submit your lease extension letter 30-60 days before your lease finalize date. The landlord’s interest is the term plus half of the marriage value: term (£622) plus the reversion value (£5,978) less the proposed interest (£74) = £6,526. letter requesting for renewal of lease agreement; Categories Request Letters. City, State, Zip Code. Step 2: Lease-End Inspection. receive a Lease Extension Offer with confirmation of the premium payable for a new 125 year lease. Both parties are able to make amendments to the lease with the right amount of written notice. Alternatively, if you are able to negotiate an informal lease extension with the freeholder, our legal fees are generally around £1,250 plus disbursements for such matters. The costs linked to drafting and serving a Section 42 Notice varies with different solicitors. It is easy to edit and is supported by Google Docs, Microsoft Word and Apple Pages. Feb 4, 2020. Send your written request and support letter. Renewal letter is an official letter is the action of making an agreement continue for an extended period of time or validity after it has come to an end or the act of renewing is also called continuation or repetition of a license, contract, subscription or a membership etc The Renewal letter is. There is a slight difference in meaning. Cons. Simply fill out our online contact form, send us an e-mail via contact@theleaseextensioncompany. However, it is not unusual for freeholders to offer the premium on a “take it or leave it” basis. Your comments about the seller starting the process, and/or waiting 2 years relate to a. A year later they offer to sell you the freehold of your building. Formal. It will also set out the level in which a section 42 notice should be served upon the landlord. RE: Lease Extension. When the leasehold gets down to zero years, it is practically valueless as the whole property reverts to the freeholder. ONE well-written rent increase notice can promote you retain residents. receive a Lease Extension Offer with confirmation of the premium payable for a new 125 year lease. Amount of the rent increase. I must admit how much I enjoyed staying in your rentals. Dear [Recipient Name], The purpose of this letter is the Extension of the Lease agreement between [Tenant] and [Landlord] for the [Property Name] located at [Address]. Online ID Fee Per Person – £8. Wesley, etc. We recommend seeking a lease extension if your lease term is less than 90-years, and certainly before it approaches 80-years. The zuschrift should include: Know your Options and ResponsibilitiesThis means a landlord can update the lease provisions from one fixed term to the next, and make the lease renewal dependent on the tenant agreeing to any new terms, including rent. Date first new rent payment will be due. Attach any documents or evidence you may need to support your request. These follow the standard membership renewal letter format. Subject: Letter of Inquiry for Leasing. Informal lease extensions don’t need to follow the same process. 3. serving their airports. In the best case scenario, a formal extension will set you back £1,000s, but where your lease is less than 80 years – or even just nearing 80 years –. An early lease termination letter is a request sent by a tenant to a landlord or property management company asking for the early or premature termination of their agreement which is intended to end in a specific period or date. Sub: Employment Contract Extension. Please be advised that your current lease will expire on [DATE]. At this point, the surveyors for each party will work to agree a fair and reasonable premium for the lease extension. Close with a polite and professional sign-off. Here is a sample temperature can use to write an informal rental agreement letter. We are happy to offer to extend your lease back up to 99 years for the inclusive price of £10,200 and our total legal and valuation fees will be an additional £1,000 pus VAT. The lease agreement should be reviewed to see if there are any additional or specific requirements for requesting for an extension or renewal. Financial trouble. Use our template informal lease extension letter The valuation letter should include the premium you are offering for the number of years you want to. RE: Lease Extension. This can be done at any stage prior to completion. Currently, the lease is set to expire on [date]. To request adenine lease extension, submit one informal zuschriften containing all the pertinent details your landlord inevitably to make a decision. These are just estimates and can vary wildly – they are not a substitute for valuation advice. This means that the buyer will. Peter Barry’s Chartered Surveyors are very experienced in both informal and formal lease extensions, and cover the London M25 area from 6 strategically located offices. Landlord’s name and contact info. 2. For LOIs involving property, include the details of the property itself such as size, price, etc. Here he turns his attention to the minefield of dealing with your freeholder to get a formal lease extension. The letter should include: Rent agreement sizes: Around is a specimen for reference - Times of IndiaThis method is called the informal route lease extension. Current address. 6 score on Trustpilot. FAQ’s on Leave Extension Letter. Back To Property Blogs Informal lease extensions – what you need to know . e. An informal lease extension can sometimes provide a more straightforward and cheaper deal for the leaseholder, but this is not always the case. The term of your current lease will expire soon and we would like to renew your lease for another year. Download a template informal letter enquiring about lease extension of a flat, or to purchase the freehold of a house or flat. I can assure you that I will be able to pay the rent by November 20th, plus any late fees associated with this delinquent rent. U. Address of Landlord. Our lease extension calculator results reflect an extremely close approximation of the true cost of extending your lease in accordance with the rules, common law. Our partner, Raminder Uberoi, can also provide a Notary Public service at any of our London offices. 1. The lease extension premium is shared between the head lease and the superior. Department of Housing and Urban Development. A lease extension can be both formal or informal. He will have the option to keep on leasing on a month-to-month basis, every 6 months, or every year. By law, you are entitled to extend your lease for a further 90 years. The letter should include: Writing and date off a formal letter to send by get. PDF. Rated 4. 48 Templates. Revise it in your preferred online or offline editor, fill it out, sign it, and print it. The deceased would be a qualifying tenant, if their lease was more than 21 years when originally granted and they had been the registered owner of the flat for 2 years before. Sample Lease Extension Agreement. The extension can then last as long as the leasing company wants, usually no longer than six months. Follow these steps to craft a convincing and considerate message: Address the Relevant Party: Begin your letter by addressing the appropriate individual or department. To request a lease extension, submit a formal letter inclusive all to pertinent details your landlord requests to make a decision. We will then provide you with confirmation of the Premium to extend your. The extension period starts immediately after the elapse of the previous contract. Landlords usually can increase rent from one month to another on a month-to-month lease. Under Section 39 of The Leasehold Reform, Housing And Urban Development Act 1993 qualifying leaseholders have a statutory right to extend the remaining term on their leases. To request a lease extension, submit a formal letter features all that applicable details get landlord requirements to make a decision. A month-to-month rental agreement is a lease that does not have a traditional end date. The document also includes an optional field for billing the overage directly to your tenant. Due to unforeseen circumstances, I have been some obstacles that have delayed my progress on the project. The lease extension process starts by serving a Section 42 Notice on your competent landlord, with a financial offer. To pursue this route, leaseholders must proceed in accordance with the 1993 Act, which. City, State, Zip Code. Include the phrase “lease renewal email to landlord” in the subject line to make the purpose clear. A lease is a statutory document, so ampere hire extension letter request ought be worked with the same step of importance. Informal route. A leasing is a legal document, so a lease extension letter request should subsist treated with of same level of importance. Waiver Letter. A lease extension agreement, or ‘ lease renewal ‘, allows a landlord and tenant to extend a lease agreement to extend beyond its end date. Dear (name of the landlord), This letter is being written to request you to extend the tenancy for one more year. , 1-year), click here. 1 Use of deeds of variation. the rent should be paid at the 5 th of every month after that $20/- will be. Template 1 - Letter to landlord asking for insurance summary. There is more information on formal negotiations below. Step 4. In this particular lease renewal letter, the landlord has laid out different options that the tenant can use if he wishes to keep on leasing there. I have 1 question. I’ve owned the property for over 2 years so the lease extension can be done via the formal route but to throw a spanner in the works the freeholder has sent me a letter out of the blue offering up to £1k towards my legal fees if I wanted to extend the lease via the informal route. Your last day of tenancy will be September 2, 2031. Savills’ research has suggested (a bit optimistically I would say) leases with an unexpired term of 100, 90 and 80 years will increase in value by 5%, 7. A non-renewal lease letter gives notice to a landlord or tenant that they do not wish to renew a lease agreement. ADENINE lease is a legal document, like a lease extension letter request should must treated at the same grade of importance. The duration of the lease will be 2 years. To request a lease extension, submit a informal letter containing select the pending item your landlord needs to manufacture adenine deciding. My leave expires on March 12. Once the lease falls below 80 years, the landlord is entitled to receive 50% of the increase in property value when an extension iss granted; this “Marriage Value” is what makes it. g. Below is an informal lease extension offer from the freeholder of this flat. After two years of ownership, you have the right to extend your lease using the ‘formal’ statutory lease extension procedure. Ground rent is mentioned only as ‘’New Rent’’. The letter should include: Form: Option to Renew Real-time Demesne Lease Project: Sample. Here, the customer signs a legally-binding modified agreement to extend the lease for more than six months, i. uk or call 0208 840 6640. The type of lease — e. 36 Best Lease Renewal Letters & Forms (Word & PDF) A lease renewal agreement is a necessary document if you are managing a property that you rent out. In our current economy and in particular with lease terms approaching 80 years, it is imperative that a Notice is served to secure a flat owner’s position. An accurate current mileage at the time of the request. The lease on my premise expires on the 31st of March 2012, and I would like to renew it until 31st March, 2015. Generally, it is not necessary to send a demand letter before beginning judicial proceedings to recover possession of the property. A review of our current rental records shows that your lease will expire on DATE for the unit located at 9090 Old Church Way. TEMPLATE DOCUMENT. co. An informal lease extension can be considerably quicker than the statutory route. A lease is an legal document, so a lease extension letter please should be treated with of same level of importance. In consideration for this extension to the term of the lease, the. Late Rent Notice Template. [Add this if the premium offered has been derived from an official RICS Valuer's lease extension valuation:] I appointed [name of RICS . Leasehold means you have a lease from the freeholder to use the home for a set number of years. This will be determined as part of the process. To request a lease extension, submit a formal letter features all that applicable details get landlord requirements to make a decision. Pay L&Q’s solicitor’s fees via your solicitor (£640, variable) Non-Statutory Lease Extension. Note any clauses related to lease extensions or renewals. She provides advice on contacting a free, instructions into write an extension enquiry furthermore what to look out for in the terms on extension. This letter is to formally inform you that I will be terminating our rental agreement effective 1 st October 2020. To request a lease stretch, submit a informal anschreiben containing all the pertinent details your landlord your to make a make. Timing is everything. Informal Letters: Resignation Letter: Informal Letter Format: How to Write: Cover Letter Sample: Recommendation Letter:. Be sure to keep copies for your records. often for 99 or 125 year lease. You will need a surveyor to value the cost of the lease extension for you and you will also need to appoint a solicitor to act for you. Your name, current your and contact information; Date the lease extension request is submitted; Length concerning the lease extension, including the proposed finalize date; Reasons on extension; Date by which you need a decision, usually 10 life to two. The letter should include: Form: Option to Renew Real-time Demesne Lease Project: Sample. The main advantages of the informal lease extension are: Speed: the formal route requires a notice to be served on the freeholder and they are given up to 2 months to respond. This addendum may be used to extend an expiring lease in order to keep a tenant that is renting commercial or residential property. Thank you once again for your generosity. Estimate the premium you are likely to be expected to pay to the landlord by using an online lease extension calculator or ask other leaseholders under the same roof what they have previously paid. For example, “I am on leave for 10 days from [start date] to [end date]”. We are really satisfied with your services and appreciate the professionalism in your staff. The first thing to do when writing a notice to your landlord is to read and understand the lease agreement that you signed when moving in. This is to notify you that I will not be renewing your current lease for the property located at 100 Abraham Road, Lansing, MI 30090. We/I look forward to hearing from you by [insert a date for landlord to respond (giving them a reasonable period of time to do so)]. It helps the landlord to set new terms, such as a change in the rental price, while also letting the tenant know if they can stay in the property for another year if they choose. The date the payment is due must not be either less than 30 days or more than 60 days after the date the notice is served, or before it is meant to be paid in line with the lease. Download: PDF | Word. Contact the freeholder to request a lease extension. It serves as a formal request to the landlord to extend the lease and outlines the terms of the extension. Reference to contract or rental agreement. Whilst negotiating an informal lease extension, the freeholder may attempt to increase ground rent or introduce additional charges as part of the agreement. Using Jotform’s PDF Editor, you can modify any letter template to perfectly match your needs. Latest Compliance Form Updates. This is the advised and most common route (as it's safer than an informal extension). In this extension time, you have to pay extra $10 per month. Document Description. As your solicitor, we will advise you if the length of the lease extension agreed and the amount of the ground rent is suitable for your objectives and, in. Renewal means resuming once or to start again after a break. Currently, the lease is set to expire on [date]. Employee Acknowledgement Letters. This can be between one month to 45-days in most areas. TEMPLATE DOCUMENT. Make them informal because this is a person known to you. Dear [Recipient Name], The purpose of this letter is the Extension of the Lease agreement between [Tenant] and [Landlord] for the [Property Name] located at [Address]. Unlike a lease. The letter should include: Your name, modern speech and contact informationThe formal lease extension process takes time. Sample Lease Renewal Letter. Free Spot: Lease Termination Letter 1. This is often referred to as a formal or statutory lease extension and is provided by the Leasehold Reform Housing and Urban Development Act 1993. 5% and 10% respectively. A rental and lease agreement is a document that outlines the arrangement between an owner of a property, known as the “landlord” or “lessor,” and someone who pays rent to occupy the property, known as the “tenant” or “lessee. Save money not paying for the formal route's Section 42 Notice. To request a lease extension, take a formal newsletter containing all which pertinent details your landlord needs on make a decision. Once a lease term falls below 80 years the premium for an extension may increase. Share of freeholders can extend the lease to 999 years for zero premium. The particular amount of time that a lease is granted for is known as the ‘term’ and is a diminishing asset – losing value over time as the length of the term decreases. If you need to expand to a full three paragraphs, simply separate the introduction, body, and conclusion. If the landlord cannot write off a portion of the rent as in the above, then a third option is to ask for a payment holiday in your letter to landlord to extend a lease . Benefit of the formal route is that it wipes out your ground rent and adds 90 years to the lease. Formal lease extension For a formal lease extension, on the other hand, you have to sign a change to the lease. To [Recipient name] Dear, [Recipient name] This agreement is intended to clarify the rental terms of the unit [Unit name and number] given to the tenant [Tenant name]. Add the property address of the rental unit. • You will be required to pay your freeholder’s reasonable legal and surveyor costs, as well as the legal and valuation costs of your own surveyor. In many cases, you can activate an informal extension simply by placing a call to the car company that provides your lease. You can reach me at +02-87490837 if there is a problem. If you own a house and want to extend your lease, you will need to use the formal negotiation route. When you informally agree an extension of your lease with your landlord, you can agree any terms between you, including the length of the lease extension and the amount of the ground rent. These are the two options available if you would like to extend the lease on your leasehold property: - Voluntary lease extension scheme1. ( 2) Lease term and renewal. DATE. , 6-12 months. Newest recent off June 12, 2023. Remember to be respectful, concise, and appreciative in. £20-£45. She owns the flat 100% with a mortgage but the block is owned by a housing assoc. Return completed Lease Extension Acceptance Form to L&Q with details of your solicitor. Once you finish writing your lease extension form, send a copy to your tenants for signatures. However, purchasers will expect to pay less for a property with a short lease compared to a property with a long lease, and may find it more difficult to obtain a mortgage on a property with a short lease To book an appointment, please call 020 8840 6640 or email solicitor@starckuberoi. Lease Extension - Informal Vs Formal Route . You have been a model tenant and have demonstrated responsibility. We’ll help doing your split increase. This agreement will include clauses to reflect the agreed individual shares of the premium and costs of each flat owner and their entitlement to a 999 year lease after acquiring the freehold. Write Notice. 2. You get a 90 year extension of the existing lease term. If you have an absent freeholder, see our guide on what your options are. To: lender@bank. It could be that you are having problems trying to sell your flat due to the length of term remaining or maybe have a clause which permits a significant ris in the ground rent. Also, your late fee will be [AMOUNT] for any rent paid after the [7th] of the month. A rental lease agreement template usually includes information such as: Name and contact details of the rental property owner and tenant. I would respectfully request that you not raise my rent of AMOUNT for the term of. Month-to-Month. It can apply to either commercial or residential property. Here are some estimated costs to assist you in your conveyancing budget. Download a template informal letter enquiring about lease extension of a flat, or. You can write phrases like ‘Hello Samaira’ or ‘Sir/Ma’am’ as salutations. Leasehold Renewal Process. Date the rent increase will take effect. Sincerely, [Your name] Letter Template 12: Hello landlord, Thank you for your generous offer of rent waiver. King Charles III opened Parliament and stated that the government will bring forward a proposed Bill to make lease extensions easier and cheaper. We need more memorandum examples and templates. Whoever is looking for a house for rent then it is the legal form which will track the record of all the details. You may be willing to agree a joint instruction of one valuer who will provide. I want to complete a lease extension. There is more information on formal negotiations below. State that you are writing the letter asking for an extension of leave. The agreement is in effect after you and the tenant sign the lease extension. But I guess there's no harm in telling the lender. RE: Lease Extension. These documents can be helpful in your process of drafting a lease extension letter, but there are nuances to the different kinds of lease extensions. Using the sample lease extension letter the landlords while a template fork your informal announcement. With an informal extension, the leasing company extends the lease for a relatively short term — typically six months or less — without a new lease agreement and with the same payment schedule as in your original contract. Tenants typically send this notice of their intent to vacate to property managers 30, 60, or 90 days before the intended move-out date, depending on the requirements of. Send the Extension Addendum. As per our lease agreement dated [Original Lease Date], I am providing [Notice Period, e. I appreciate your prompt response. A lease is a law document, so a lease extension letter requirement should be addressed with the same level starting what. TEMPLATE DOCUMENT . This includes instructing the valuation to establish the premium and the legal process. Leaseholder’s Solicitors Fee – £500 to £800. Second Paragraph. It is usually a single line or phrase. you’re on fixed-term tenancy of 6. This is a basic lease renewal template that just gets your work done sufficiently and assists you in creating a clean letter to propose to your tenant regarding the extension of the lease along with the related details. 2309 Celina, TX 23000. Key Takeaways. A lease is a legal document, so adenine lease extension letter request should be treated with the same level the importance. This template can be used for residential, commercial, or short-term leases. It would be good if you can visit the property for an inspection so that the deposited security amount will be refunded at the earliest. Under the legislation, the freeholder must give you a lease of an additional 90 years on top of what you already have. Download. While lease renewals and lease extensions are similar in many ways, landlords often use the lease extension when they want to keep a tenant in a property for just a few months after the original lease expires. A tenant may receive a warning design letter for the following reasons: The tenant damaged the property or a particular area of the space being rented. won’t allow the freeholder to introduce new fees or charges into your lease. The property owner cannot rescreen you as a condition to sign this lease, as you have a right toA lease is a legal document, so a league enlargement schrift request should become treated with the similar level of importance. Template 12 - Letter by secretary of residents' association asking for information on tenants. Leaseholders have a legal right for a lease extension of an additional 90. Use a concise paragraph format. The notice sets out a strict timeframe which. While informal lease extensions offer simplicity and cost savings, they come with risks and uncertainties. ”. That can be done at any time. We’ll help you identify the best route for you and your circumstances before you invest time and funds into this procedure. Lease Extension Valuation Using a Qualified Valuer – £500 to £1000. This is sent at the end of the lease period and should include instructions on where to send the security deposit. If you're a property-hunter, alarm bells should screech if a lease is nearing or below 80 years – don't just accept estate agents' promises of easy extensions. Click 'Generate'. Caliph, Mrs. Effective [DATE] your monthly rent will increase by [AMOUNT]. net's Free Renewal Letter Templates in PDF. Landlords or Property Managers.