Lease extension: how long to pay premium?

[grapes]

Hi there guys,
Have embarked on my statutory lease extension and have recently served notice. Now I'm looking at selling a few assets to cover the premium which has yet to be agreed. My question is how quickly do I need to raise this money? Once we agree on a premium how long do I have to pay up?

Many thanks!

[jeffrey]

Premium is payable on completion. It's up to the parties how soon that is to take place. Either can serve Notices to hurry-up the other.