The fee covers the costs of obtaining a landlord offer price. If an agreement is reached on an informal basis, the fee will be deducted from the price upon completion of the transaction.
HomeGround undertakes various services on behalf of your freeholder, including:
HomeGround and the landlord are only able to negotiate with the current owner of the property.
You will receive an offer letter that states the terms under which the landlord is prepared to extend your lease.
The offer will be valid for 90 days, and it will reflect the value of the landlord’s interest in the property at the time of your application. It will be inclusive of the landlord’s legal and administrative costs for completing the sale.
The landlord offer price represents the long-term value they attribute to their interest in the property.
Since HomeGround do not represent former owners of the freehold title, we will not have been privy to any previous discussions you may have had during that period of ownership.
However, we would like to emphasise that offer figures issued on behalf of our clients are negotiable and that you do have the option of taking independent advice and of putting forward a counter-offer, which will receive due consideration.
If you have applied for terms to extend your lease and you agree to the terms on offer, the fees payable at conveyancing stage are made up of:
*Please note that the landlord offer price fee of £50 will be refunded on completion of your lease extension.
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