Our professional role in your lease extension
Kempton Carr Croft Your Surveyors for lease extension
Lease extension specialists will calculate the premium payable to the Landlord in exchange for the lease extension using a formula set out in the Leasehold Reform Housing Urban & Development Act 1993.
It takes into consideration:
• The number of years remaining on the lease (the cost goes up quickly, with less years remaining)
• The value of the property • The ground rent and review procedure
We aim to provide you with the best and worst case scenario when it comes to the premium payable to the Landlord, advise you of the possible outcome of negotiations and advise on the amount of the offer to be made in the Notice.
Once you receive the Landlord’s Counter-Notice, we can negotiate and settle on the price and other terms of the lease, including representing you at the Tribunal if this is required.
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