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Leasehold Extension Valuations with Pro-Leagle

  • Pro-Leagle provide Leasehold Extension Valuation Reports Nationwide detailing the accurate cost of your Lease Extension.
  • This satellite site is all about Leasehold Extension Valuations for residential leasehold property. However, we also offer a full range of Leasehold and Landlord & Tenant services.
  • Interested? Then visit Pro-Leagle HQ.

Determining the Cost of Lease Extension

The value of your Lease Extension is hence calculated using several key pieces of information:

  • The annual ground rent paid to the Freeholder for usage of the land on which the property is built.
  • The number of years remaining before expiration of the lease
  • The value of the property and any improvements made to it
  • The location of the property

Compensation Due to the Freeholder

When carrying out a Statutory Lease Extension the Leaseholder must provide financial compensation to the Freeholder for:

  • The reduction in the Freeholder's reversionary interest
    (the Freeholder will need to wait longer to gain possession of the property)
  • Ground rent owed to the Freeholder under the existing terms of the lease
    (this will be reduced to peppercorn rent after lease extension)

A ballpark figure for the cost of Leasehold Extension can be obtained from Pro-Leagle's:
Ballpark Valuation Calculator

Otherwise, you can learn more about the valuation process:
Leaseholder Information
Freeholder Information