Lease-Extensions.org.uk LEASE EXTENSION CALCULATOR Years left on lease: 64
years
0
months
Ground Rent (average): 75
per annum
Property Value (if extended)?: 595000
(£)
Calculate the Cost Now
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£62,834 £65,612 £68,350
How is your lease extension cost calculated? Freeholder's lost ground rent - £1,220.32 Ground Rent: £75 per annum Years Purchase factor for 64.19 years @6%: 16.271 Freeholder's Ground Rent entitlement: £1,220.32
Reversionary Interest - £1,220.32 Value of the leasehold property if it was extended by 90 years: £27,184.57 PDFmyURL - online url to pdf conversion
Deferred for years at a rate of 5%: £27,462.91 Deferred for years at a rate of 5%: £26,867.74 Diminution in landlord's value: £26,862.95
Marriage Value - £37,048 This only applies if the existing lease term has less than 80 years remaining. Tenant's future interest: £595,000 Landlord's future interest: £322 Landlord's and Tenant's future interest: £595,322 Tenant's current interest: £492,822 using relativity of Landlord's current interest: £28,405 Landlord's current interest: £28,962 Landlord's and Tenant's current interest: £521,227 PDFmyURL - online url to pdf conversion
Difference between future and current interests: £74,095 Marriage value is half of the above: £37,048
Adding the 3 factors together:
Total Lease Extension Cost - £65,612
About our lease extension calculator We believe that our lease extension calculator results reflect an extremely close approximation (within +/- 3%) of the true cost of extending your lease in accordance with the rules, common law cases and statutory requirements of a valuation. It must be noted that various surveyors have slightly different methods of calculating the likely premium. Our experience tells us that a substantial percentage of these surveyors are not calculating in accordance with the strict rules that the Leasehold Valuation Tribunal (LVT) set out. Our calculator adheres to these rules entirely providing extremely accurante results./p> PDFmyURL - online url to pdf conversion
Disclaimer: Our lease extension calculator tool may be the most accurate freely available (without cost), but we ask our users to kindly not rely on our results, they are provided for guidance only. Copyright 2018 Lease-Extensions.org.uk
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