The presentation focussed on key points all estate agents should know, including how a lease length can seriously affect the price of a property and how this can sometimes delay (or even derail) a sale. Tips on how to deal with tricky freeholders, management problems and lease length vs. mortgageability were also presented to delegates.
Alex Greenslade commented: “ALEP’s ethos is to promote best practice amongst its associates.
Leasehold legislation can be a complex issue, so the NAEA masterclass provided us with an opportunity to highlight key issues about leasehold and how certain factors can affect agents’ negotiations.”
Mark Chick said: “We had great feedback from delegates about the presentation and many thanked us for putting a spotlight on informal lease extensions and valuation issues.”