Lease Extension Valuations
Are you a leaseholder looking to extend your lease? At DAW Surveyors, we provide professional Lease Extension Valuations to ensure you receive a fair and accurate assessment of your property’s value. Our expert RICS Chartered Surveyors offer independent and reliable valuations, helping you navigate the complexities of lease extensions with confidence.
Why Do You Need a Lease Extension Valuation?
If your lease has fewer than 80 years remaining, extending it becomes crucial to maintaining your property’s market value and avoiding escalating costs. Under the Leasehold Reform, Housing and Urban Development Act 1993, qualifying leaseholders have the legal right to extend their lease, typically by an additional 90 years, while reducing ground rent to zero.
A professional Lease Extension Valuation determines the premium (the cost of the extension), taking into account factors such as:
Current market value of the property
Remaining lease term
Ground rent and future ground rent projections
Marriage value (applicable if the lease has under 80 years remaining)
Comparable sales evidence
Relativity tables and market trends
Our RICS Surveyors conduct detailed assessments to ensure leaseholders and freeholders receive fair and accurate valuations, avoiding unnecessary disputes and inflated costs.
How Our Lease Extension Valuation Service Works
Initial Consultation – We discuss your property details and lease status to understand your requirements.
Comprehensive Property Assessment – Our surveyor inspects the property and analyzes relevant market data.
Valuation Report – We provide a clear, HMRC-compliant report outlining the estimated lease extension premium.
Negotiation Support – If required, we assist with negotiations between leaseholders and freeholders to achieve a fair agreement.
Tribunal Representation – In cases of dispute, our expert surveyors provide professional representation at the First-tier Tribunal (Property Chamber).
Why Choose DAW Surveyors for Your Lease Extension Valuation?
RICS Accredited Surveyors – Ensuring the highest standards of accuracy and professionalism.
Extensive Market Knowledge – We use up-to-date valuation methods and comparable evidence.
Transparent, Competitive Fees – No hidden costs, providing cost-effective lease extension advice.
Personalised Service – Tailored support to meet the specific needs of leaseholders and freeholders.
Proven Track Record – Successful lease extension valuations across the UK.
Contact Us Today for Expert Lease Extension Valuations
Don’t let a short lease reduce your property’s value. Contact DAW Surveyors today for a professional Lease Extension Valuation and expert guidance through the process.
Get in touch with our RICS Chartered Surveyors to book a consultation.
