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Home / Services / Lease assignments & extensions

Your lease. On your terms.

Assignments, renewals, extensions and surrenders, negotiated on your side of the table — every obligation 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 repair, guarantees and conditions in mind, so the deal you agree is the deal you sign.

3
WEEKS 2–6 Documents & consents

Licences and deeds drafted, and the landlord's lawyers chased weekly, so the deal keeps moving.

4
DONE Completion & registration

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

A solicitor and a client looking over a floor plan, with a set of keys on the counter beside them
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, or a 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
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 is mid-reform law — we'll tell you whether acting now or waiting serves you better.

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
SRA price transparency

What we charge

This work is quoted per matter, so we do not publish a fee range for it — the scope varies too much for a range to mean anything. Our hourly rates, and what every quotation covers, are on our fees & service information page. You get a written, itemised quotation with an exact figure before instructing us.

See our fees & service information →
WHAT WE COVER

Lease services we cover

From taking a lease on to walking away from one, and the consents in between.

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

When the term ends 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 premium maths 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

The landlord's consent for alterations, change of use or subletting, keeping 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; for business tenants it's the renewal timetable. 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. You can start the day you complete your purchase.

The cliff sits at 80 years. Below that, "marriage value" enters the valuation and the premium jumps, then keeps climbing as the term shrinks. Lenders get cautious at the same point — and buyers know it.

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 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 — mainly redevelopment or their own use — and on some must pay you compensation to leave. The new rent is negotiated against the market, not rolled over.

Contracted out? Then there's no automatic right to stay, and the conversation must start even earlier. We'll tell you which lease you hold 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 an end to marriage value, but they arrive in stages: until the new valuation rules commence, the current ones set the premium. Waiting could save some owners real money; if you're selling, remortgaging or already under 80 years, it's usually the expensive option. We'll tell you which you are.

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 →
Rated 4.7 out of 5 by our clients.

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

GOOD TO KNOW

Lease 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 — the lease's alienation clause will say. Where 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
One firm, full service

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