Lease extension guide

Section 42 Notice: What It Is and What Happens Next

If you're extending your lease through the statutory route, the Section 42 Notice is where the formal process begins. This page explains what the notice is, how to serve it correctly, and — most importantly — what happens after it is served, including how to evaluate the premium your freeholder will demand in response.

What is a Section 42 Notice?

A Section 42 Notice is the formal document a leaseholder serves on their freeholder to trigger the statutory right to a lease extension under the Leasehold Reform, Housing and Urban Development Act 1993. It is sometimes called a "tenant's notice" or "initial notice."

Serving it does three important things:

It locks in the valuation date. The premium is calculated based on property values at the date the notice is served — not at some later date when the market may have moved. This is particularly significant for leases approaching the 80-year threshold.
It starts a defined timeline. The freeholder must respond within two months with a counter-notice. After that, there is a negotiation period, and if no agreement is reached, either party can apply to the First-tier Tribunal for a determination.
It gives you legal protections. Once a Section 42 Notice has been served, the freeholder cannot refuse to extend the lease or withdraw from the process. You have a statutory right to proceed.

It is worth being clear about what the notice is not. It is not an agreement to extend — it starts the formal negotiation. It does not fix the premium — that comes later. And it is not the same as an informal request to extend, which carries none of these protections.

Eligibility requirements

  • You have owned the flat for at least two years
  • The lease was originally granted for more than 21 years
  • The property is a residential flat

A solicitor can confirm eligibility before the notice is prepared.

Statutory vs informal extension — which route is right?

Many leaseholders do not realise they have a choice. The two main routes to extending a lease are the statutory route (using a Section 42 Notice) and an informal negotiation directly with the freeholder.

Informal routeStatutory (Section 42)
Legal protectionsNoneFull statutory protections
Valuation date lockedNoYes — date of notice
Freeholder can withdrawYesNo, once notice served
Freeholder response requiredNoYes — within two months
Ground rent in new leaseNegotiableReduced to zero
Term addedNegotiable90 years added
Right to tribunalNoYes
Typical timelineFaster if amicable6–18 months

The informal route can work well where the freeholder relationship is good and both parties want a quick, straightforward resolution. The statutory route provides more protection but requires a correctly served notice, professional advice and a more structured timeline.

Most leaseholders extending through a solicitor will use the statutory route. For leases approaching the 80-year threshold — where the valuation date matters enormously — the statutory route's ability to lock in that date is particularly valuable. See our lease extension cost guide for context on how these decisions affect the overall cost.

What must a Section 42 Notice contain?

A Section 42 Notice is not a free-form letter. It must contain specific information prescribed by the 1993 Act:

  • The leaseholder's full name and address
  • A description of the flat sufficient to identify it
  • Details of the current lease — the parties, the date it was granted, and the unexpired term
  • The premium the leaseholder is proposing to pay
  • The name and address of the leaseholder's solicitor, who will receive the counter-notice
  • A response date — giving the freeholder at least two months to serve their counter-notice
The most common reason notices are invalidated is missing or incorrect information. A Section 42 Notice should always be prepared by a solicitor experienced in leasehold enfranchisement. A defective notice can cause significant delays and may require the leaseholder to start the process again.

A note on the proposed premium: the leaseholder must include a premium they are willing to pay. This does not need to be the final agreed figure — it is a starting position for negotiation. However, it should be based on a genuine surveyor's assessment rather than an arbitrary low figure.

What happens after a Section 42 Notice is served?

This is the part of the process that most leaseholders want to understand before they serve.

StageWho actsWhen
Section 42 Notice servedLeaseholderDay 0 — the valuation date
Freeholder acknowledges receiptFreeholderUsually within days
Counter-notice deadlineFreeholder2 months from service
Negotiation periodBoth partiesUp to 6 months from counter-notice
Application to tribunal (if needed)Either partyAfter negotiation period
Tribunal determinationTribunalVariable — often several months
CompletionBoth partiesAfter price agreed or tribunal order

The counter-notice — the key moment

The freeholder's response is a Section 45 counter-notice. It must admit the leaseholder's right to extend and state the freeholder's proposed premium. This is the first time you will see the figure the freeholder is asking for.

It is important to understand what this figure represents. The counter-notice premium is prepared by the freeholder's surveyor using the same statutory formula that your surveyor will use — but the formula involves valuation assumptions where reasonable professionals can disagree. The freeholder's surveyor will typically apply assumptions that produce a higher premium. The counter-notice is the freeholder's opening position, not a fixed or final price.

This is the point where tribunal evidence becomes directly useful. Knowing whether the counter-notice premium is within the range that comparable tribunals have determined — or materially above it — helps you and your surveyor decide how to respond.

The negotiation phase

After the counter-notice, there is typically a period of up to six months in which both parties' surveyors negotiate. Most cases settle during this phase without going to tribunal.

If no agreement is reached

Either party can apply to the First-tier Tribunal (Property Chamber) to determine the correct premium. The tribunal reviews evidence from both sides and issues a binding, published decision. Tribunal proceedings add time and cost, but the ability to apply gives leaseholders real leverage even in cases that settle before a hearing.

Received a counter-notice? Before negotiating or instructing a surveyor, see where the premium sits relative to comparable tribunal outcomes. LeaseIntel can benchmark it in under a minute.

Timing considerations and the 80-year threshold

The valuation date is the date the Section 42 Notice is served. This has a direct bearing on whether marriage value applies to your premium.

If your lease is above 80 years at the date of service, no marriage value is payable — it is legally zero. If the lease has fallen below 80 years by the date of service, marriage value applies and can add tens of thousands of pounds to the premium. The valuation date cannot be changed retrospectively.

ScenarioOutcome
Lease at 82 years, notice served promptlyNo marriage value. Valuation date locked in above threshold.
Lease at 82 years, notice delayed 3 monthsLease now at 81.75 years. Still above threshold.
Lease at 80.5 years, notice delayed 7 monthsLease now at 79.9 years. Marriage value applies.
Lease at 79 years, notice servedMarriage value already applies — cannot be avoided.

If your lease is between 80 and 84 years remaining: timing is not a neutral consideration. Serving the Section 42 Notice promptly protects your valuation date. Every month of delay is a month closer to the threshold.

See our marriage value guide for a full explanation of how marriage value is calculated and what it means for your premium.

Two-year ownership requirement: you must have owned the flat for at least two years before serving a Section 42 Notice. This is a fixed eligibility condition. Buyers of flats with short leases who plan to extend should factor this waiting period into their planning.

Common mistakes to avoid

Serving a defective notice

The single most expensive mistake. A notice missing required information or incorrectly identifying the property can be invalidated. Always use a specialist solicitor.

Waiting too long

Particularly critical for leases approaching the 80-year threshold. Solicitor fees are insignificant compared to the marriage value that can be triggered by delay.

Not instructing a surveyor before serving

The notice must include a proposed premium based on a genuine valuation. An arbitrary figure can undermine your position in subsequent negotiations.

Accepting the counter-notice premium without question

The freeholder's figure is a starting position. Leaseholders who accept it without a surveyor's review — or without checking whether it falls within the range of comparable tribunal outcomes — can end up significantly overpaying.

Missing the negotiation deadline

There is a six-month window after the counter-notice. If neither party applies to tribunal within that window and no agreement has been reached, the notice may lapse and the process must begin again.

Confusing a statutory extension with a lease renewal

A statutory extension adds 90 years to the existing remaining term and reduces the ground rent to zero. It does not replace the existing lease with a new one from scratch.

Assessing the freeholder's counter-notice premium

When the counter-notice arrives, you will have a figure from the freeholder's surveyor. That figure is not fixed. It is the product of a formula that involves valuation assumptions — particularly the deferment rate and capitalisation rate — where surveyors on opposite sides of the negotiation routinely reach different conclusions.

The freeholder's surveyor will have applied assumptions that produce a premium toward the upper end of what the formula permits. Your surveyor will apply different assumptions and produce a lower figure. Both are defensible within the accepted range.

The most useful reference point for evaluating whether the gap between those figures is large or small is not another formula estimate — it is what comparable cases have actually resulted in when taken to tribunal. Tribunal decisions show what an independent panel determined was fair when both sides' valuations were tested.

Our methodology page explains how LeaseIntel uses published tribunal decisions to benchmark premiums rather than applying formula assumptions.

Received a counter-notice with a premium figure?

LeaseIntel benchmarks the demanded premium against comparable First-tier Tribunal decisions.

Is My Lease Extension Quote Too High? — £89

Not legal or financial advice · Independent benchmarking

Frequently asked questions

After the counter-notice

The Section 42 Notice is the start of the process. The counter-notice is when the process becomes financial.

Once you have the freeholder's figure, the most useful thing you can do is understand where it sits relative to what comparable tribunals have actually determined — not what another calculator estimates, but what independent panels decided when both sides' valuations were tested under scrutiny.

That knowledge helps you and your surveyor negotiate from an informed position, decide whether the gap between the figures justifies a tribunal application, and avoid either accepting a premium that is well above the tribunal range or prolonging a dispute where the freeholder's figure is in fact reasonable.

Is My Lease Extension Quote Too High?

Independent · Not a valuation or legal advice · Tribunal outcomes, not formula estimates