Lease Extension Valuation
A formal lease extension valuation will put you in a strong bargaining position when negotiating the premium with the landlord.
Reduce the landlord's premium
Don't rely on the landlord's valuation. This will be heavily weighted in favour of the landlord's best interests. We strongly recommend that you obtain your own valuation and use this as ammunition to reduce the landlord's offer. A 25% reduction on the landlord's original offer is common for leaseholder's with their own valuation.
What is a lease extension valuation?
A lease extension valuation must be prepared by a professional with experience in lease extensions. A valuation is not a standard market valuation of the sellable value of the property, but rather a breakdown of complex calculations to determine how much compensation is due to the landlord in return for extending your lease.
How to get a Lease Extension Valuation
We recommend contacting email@example.com - Ashley Connell is a solicitor specialising in lease extensions.