Introduction The Law Qualification The two Valuation Methods First Steps Gathering Information The Original Valuation Basis (site value) i) Calculating the term ii) Calculating the reversion iii) Completing the valuation iv) Implications of very short unexpired terms v) Implications of the leaseholder's improvements to the valuation The Special Valuation Basis (market value) i) Calculating the term ii) Calculating the reversion iii) The investment value of the freehold iv) Calculating the marriage value v) Exclusion of leaseholder's improvements vi) Completing the valuation The role of the Valuation Surveyor Summary