On the 25th of August 2022, the County Hotel in Chelmsford was the venue for the Essex Property Meet, a gathering of property investors looking to gain insights into the latest trends and developments in the industry. One of the highlights of the event was a presentation by Alison Stone, a surveyor with years of experience in lease extensions.
Lease extensions can be a complex and challenging process for landlords and tenants, and Alison's presentation offered valuable insights into the key considerations for those looking to navigate this area of property law. From the outset, she emphasised the importance of early planning and seeking expert advice to ensure the best outcome for all parties involved.
As Alison explained, "The lease extension process can be fraught with challenges, from the legal and financial considerations to the potential disputes that can arise between landlords and tenants. It's essential to work with a knowledgeable professional who can guide you through the process and help you to make informed decisions at every step of the way".
Valuation is a crucial part of the lease extension process
One of the key takeaways from Alison's presentation was the importance of understanding the legal framework governing lease extensions. As she noted, "There are different legal options available for lease extensions, including the statutory and non-statutory routes. Each has its own advantages and disadvantages, and it's crucial to choose the right approach for your specific circumstances".
Alison also provided insights into the valuation methods used in lease extensions, stressing the importance of obtaining an accurate and impartial valuation to ensure a fair outcome for all parties. "Valuation is a crucial part of the lease extension process, and it's essential to work with an experienced surveyor who can provide an objective assessment of the property's value".
Throughout her presentation, Alison drew on her years of experience working with clients on lease extensions, providing practical tips and advice on how to avoid common pitfalls and maximize the value of their property assets. Attendees at the event had the opportunity to ask Alison questions and share their own experiences, making the presentation a valuable forum for learning and discussion.
Overall, Alison's presentation at the Essex Property Meet provided an insightful and informative overview of the lease extension process. As she noted, "Lease extensions can be complex, but with the right approach and expert guidance, landlords and tenants can navigate the process successfully and unlock the full potential of their properties." For those looking to invest in property or manage their existing assets, Alison's insights on lease extensions are sure to prove invaluable.
Alison Stone presents at the Essex Property Meet on the 25th August 2022.