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hello Im she Aleta Im a senior solicitor in ibs residential conveyancing Department a leas is a right to use the property for a period of time as a lease gets shorter the value of the lease decreases and it becomes more expensive to extend the lease thats why its often a good idea to increase the term of the lease sometimes its difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties ities a leaseholder can either extend their lease using the leasehold reform Housing and Urban Development act 1993 if applicable or by private negotiation with their landlord when the lease drops below 80 years the premium to extend the lease increases because marriage value becomes payable marriage value is the increase in the value of the flat arising from the grant of the new lease it is therefore recommended that the lease is extended before it drops below 80 years generally youll be a qualifying tenant if your lease was more tha