
SERVICES
Lease extension calculator
SERVICES
Lease extension calculator
Lease extension calculator
How we can help with your lease extension
Frequently asked questions
How does the lease calculation work?
- The calculator gives you the approximate premium payable for a lease extension.
- This is based on the Leasehold Reform Housing and Urban Development Act 1993.
- The calculation assumes the new lease
- will be for 90 years on top of the existing unexpired term
- will be granted at peppercorn future ground rent
What is my current ground rent?
This is the annual rent paid to your landlord, and it can be found on your latest rent request or in your lease. The calculator only requires the ground rent amount, not the service charge amount.
What is an unexpired term?
This refers to the number of years left to run on your lease.
What is the long lease value?
This is the value of the new extended lease. This value excludes any value attributable to improvements made by the leaseholder.