Get an estimate using our lease extension calculator
How much will it cost you to extend your lease?
Lease extensions are one of a collection of leasehold enfranchisement rights available to tenants of leasehold properties. Lease extensions can increase the value of properties including flats, apartments and houses as well as provide more security to you as a tenant.
The first step in the lease extension process is having a valuation carried out to assess the likely premium payable. Even if you decide to proceed with a voluntary lease extension we would advise you to still take valuation advice to make sure the premium your freeholder is voluntarily offering is a “good deal”. Our lease extension calculator will help you make a decision.
Instruct an experienced valuer in the enfranchisement field to get reliable advice. It is also important to highlight that when making an offer under the 1993 Act the offer must be a bona fide offer – i.e. a genuine offer. An expert valuer will be able to advise what offer should be made and the lease extension calculator below is just a guide.
Use the lease extension calculator below to obtain an indication of the premium that may be payable for your lease extension.
For further advice or to discuss any queries you may have, please call 020 7485 8811 and ask for our specialist lease extension lawyers Guy Osborn or Amber Larner-Bird
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