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Home / Services / Lease assignments & extensions

Your lease. On your terms.

Assignments, renewals, extensions and surrenders — lease deals negotiated on your side of the table, with the obligations priced before you sign.

Start my enquiry Call 020 7063 9040
QUOTE UP FRONT Fixed fees for defined lease work
BOTH SIDES Acting for landlords and tenants — never both at once
Solicitors Regulation Authority
REGULATED Solicitors Regulation Authority — No. 605949
SAME-DAY REPLY Your lease read and your position explained fast
HOW IT WORKS

How a lease deal runs

Lease work rewards preparation: the party who understands the document first negotiates from the front foot.

1
DAY 1 Read the lease first

Send us the lease. We'll tell you what it lets you do, whose consent you need and what the deal should cost — before you negotiate a thing.

2
WEEK 1 Terms shaped early

Heads of terms negotiated with the small print in mind — repair, guarantees, conditions — so the deal you agree is the deal you sign.

3
WEEKS 2–6 Documents & consents

Licences, deeds and the landlord's lawyers, chased weekly. Consent applications packaged properly, so there's nothing left to query.

4
DONE Completion & registration

Completed, registered where needed — and a one-page summary of your new obligations: the dates, notices and deadlines that matter.

SMALL PRINT, BIG NUMBERS

Break conditions and repair clauses decide more money than the rent ever does. We read them the way a landlord's surveyor will — before you're bound by them.

OUR FEES

Fixed fees for defined lease work

Assignments, renewals, extensions and licences are quoted up front — a fixed fee for the defined job, and a clearly scoped estimate where a negotiation could go several ways.

WHAT YOU CAN COUNT ON
A fixed fee for defined work — assignments, renewals, licences
The lease read and reported, before you commit to anything
Scope agreed in writing, before any contested work begins
Consent applications packaged, so landlords have nothing to query
A named solicitor, with a direct line and email
A completion summary, of your obligations, dates and deadlines

Extending the lease on a flat? The law here is mid-reform — we'll give you the current position and the timing that works in your favour.

FIRST STEP Send us the lease

Tell us what you're trying to do and attach the lease if you have it. You'll have your position and a quote the same working day.

Start my enquiry → Quote up front · Same-day reply
WHAT WE COVER

Lease services we cover

The small print of a lease decides more money than the rent. We read it the way the other side's surveyor will — before you commit.

Start my enquiry →
Lease assignments

Selling your lease or taking one over — landlord's consent, the licence to assign and a guarantee that doesn't follow you for years.

Consent · Licence to assign · Guarantees
Lease renewals

End of term? We run the renewal — protected or not — and negotiate the new terms while you keep trading.

Business tenancy renewals · New terms
Lease extensions

Longer terms for business premises — and statutory extensions for leasehold flats, where the maths of the premium matters as much as the law.

Commercial terms · Residential flats
Surrenders & exits

Leaving early — negotiated surrenders, break options exercised correctly and dilapidations kept realistic.

Surrenders · Break notices · Dilapidations
Licences & consents

Alterations, change of use, subletting — the landlord consents that keep your plans lawful and your lease intact.

Alterations · Change of use · Subletting
Rent reviews

Review clauses operated and challenged properly — because the drafting, not the market, often decides the rent.

Open market · Index-linked
LEASE LAW, EXPLAINED

Two clocks worth watching

Every lease has a clock in it. For flat owners, it's the years left on the term — and the point where extending suddenly gets expensive. For business tenants, it's the renewal timetable that starts running long before the lease ends. Both reward acting early.

FLAT OWNERS

The 80-year cliff

Most leasehold flat owners have a statutory right to extend: the ground rent drops to a peppercorn (nothing), and the freeholder is paid a premium set by a statutory valuation. The two-year ownership wait has been abolished, so you can start the day you complete your purchase.

The cliff sits at 80 years. Once a lease falls below it, "marriage value" enters the current valuation and the premium jumps — then keeps climbing as the term shrinks. Mortgage lenders get cautious at the same point, which is exactly when buyers start negotiating your price down.

Buying a short-lease flat? The extension strategy belongs inside the purchase — see our residential conveyancing team on what to check before you offer.

BUSINESS TENANTS

The renewal clock

If your tenancy is protected by the 1954 Act, the endgame runs on formal notices — served six to twelve months before the date they name. Get them right and you negotiate a renewal from strength; get them wrong and you can hand the landlord the timetable, or the premises.

A landlord can only refuse renewal on set statutory grounds — redevelopment and own-occupation being the big two — and on some of them must pay you compensation to leave. Meanwhile the rent for any renewal is negotiated against the market, not simply rolled over.

Contracted out? Then there's no automatic right to stay — and the conversation needs to start even earlier. We'll tell you which lease you're holding within a day of reading it.

REFORM, MID-STREAM

Leasehold law is being rewritten. Timing is now part of the advice.

The 2024 reforms promise 990-year extensions and a new valuation scheme that abolishes marriage value — but they're coming into force in stages, and until the valuation provisions commence, the current rules set the premium. For some owners waiting could save real money; for others — selling, remortgaging or already under 80 years — waiting is the expensive option. We'll give you the up-to-date position and the timing that favours you, not the freeholder.

Get the current position
YOUR LEASE TEAM

Senior eyes on the small print

Property and litigation experience together — useful, because lease deals are negotiations with a court option attached.

Meet the whole team →
Shah Ali
Shah Ali SENIOR PARTNER · FOUNDER Conveyancing
Shah Ali SENIOR PARTNER · FOUNDER Founded Waterstone Legal to bring City-standard property law within everyone's reach. Oversees the firm's conveyancing practice and its 45+ lender panel relationships. s.ali@wslegal.co.uk Book a consultation →
Jasmine Chaudry
Jasmine Chaudry PARTNER Commercial & Conveyancing
Jasmine Chaudry PARTNER · COMMERCIAL & CONVEYANCING A straight-talking senior solicitor across commercial law and property — resolving disputes with a firm grip on the cost–benefit, not just the argument. j.chaudry@wslegal.co.uk Book a consultation →
AND BEHIND THEM A 20-strong team across London and Leicester.

Partners, solicitors and paralegals who keep your file moving while you get on with life.

Meet the whole team →
★★★★★ Nine in ten clients rate us five stars.

Across Trustpilot, Google and ReviewSolicitors — clients who came to us with matters just like yours, and would come back.

GOOD TO KNOW

Questions people ask us

The questions we hear most, answered straight. Anything else — call us, it's what we're for.

Call 020 7063 9040

Almost always — check the alienation clause. Where the lease says consent can't be unreasonably withheld, the landlord must act reasonably and within a reasonable time. We package the application with everything they're entitled to see, which removes most excuses for delay.

START YOUR ENQUIRY

Tell us about the lease.
We'll take the lead.

A few details now — your position, the options and a quote, the same working day.

LONDON — HEAD OFFICE 2nd Floor, 2–5 Minories, London EC3N 1BJ · 020 7063 9040
LEICESTER — BRANCH 3rd Floor, St George's House, 6 St George's Way, LE1 1QZ · 0116 393 0334
EMAIL & HOURS info@wslegal.co.uk · Monday–Friday, 9:00am–6:00pm