What can I expect to receive if I decide to accept a landlord offer price?

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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.

Please note an additional legal fee of £150 plus VAT will be payable on completion if you opt not to instruct a solicitor.