UK Property Law
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So even with a non statutory lease, when it comes down again to 80 years, me or my children can ask for another lease extension?
Why is it called non statutory?
It isn't the lease that is non-statutory, what is happening is that you are notcreating it under the statutory provisions, which dictate exactly how much youare paying for it and what the ground rent is.
Thereis a statutory right to renew and that is contained in statute, not the lease