Leasehold Extension - Valuation
An outline of the valuation principles to determine the price for extending a lease of a flat under the Leasehold Reform Housing and Urban Development Act 1993.
Assuming you are a qualifying tenant in all other respects, you have the right to extend your lease once you have been the registered owner of the flat for two years. You do not have to have lived there, just owned it.
Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
More information you might find useful:
- Am I a qualifying tenant for lease extension?
- Lease Extension – Getting Started
- More Frequently Asked Questions on Lease Extension
- Lease Extension Calculator
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers