Lease Extension Valuation

Acting for freeholders and leaseholders in producing a valuation to establish the premium payable for a lease extension.

A lease extension allows tenants to increase the length of their lease, helping protect property value and long-term security. SRVO’s team of valuers supports both tenants and landlords by providing expert valuations, guiding negotiations, and ensuring the terms reflect market conditions and future goals.

At SRVO, we guide you through the lease extension process by providing clear, expert advice from start to finish. Our valuers assess your property, calculate the premium, offer additional advice and ensure the new lease terms are suitable, market-aligned, and tailored to your goals. We make the process smooth, transparent, and focused on securing the best outcome for you.

Key components of Lease Extension Valuation include:

- Initial Consultation: Understand the client’s objectives, lease details, and property type.
- Document Review: Examine the existing lease, title documents, and any existing sales details
- Property Assessment: Inspect the property and gather data on its condition, location, and marketability.
- Market Analysis: Research comparable properties and recent transactions to determine the current long lease value.
- Valuation Calculation: Utilise specialist knowledge and expertise to establish the appropriate lease extension premium.
- Reporting: Provide a clear, professional valuation report outlining methodology, findings, and recommendations.
- Negotiations: provide support and assistance in negotiating a suitable premium payable for the lease extension with the opposing valuer.
- Support & Advice: Offer guidance on next steps, including negotiation strategy and liaison with legal advisors if needed