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hello and welcome to this webinar on lease extensions part of our occasional series of recorded webinars covering different topics only toward law my name is Christopher last and Im an advisor here at lease the webinar will address the right to release extension held by lease holders of flats the discreet law on lease extensions our houses is outside the scope of todays recording should you have questions about extending the lease of a house you can always contact our office and speak to an advisor this webinar is intended to provide an overview of the law relating to lease extensions for flats its not intended to cover every last aspect of the relevant law before embarking on a lease extension you should obtain independent advice relating to your situation to begin we ask the question why extend your lease the simple fact is that a residential long lease is a wasting asset its granted for a set length of time usually 99 or 125 years and will become less valuable as its termed sh