Leasehold Valuation
Thanks to the forward-thinking RICS Chartered Surveyors at Samson Consultants, leasehold extensions and freehold valuations can be made straightforward.
Leasehold Valuation
There comes a time when every leaseholder should extend their lease, whether they intend to remain living in the property or sell it. But because extending your lease costs more the longer you wait to do it, determining the right time to extend is essential.
Similarly, due to the Leasehold Reform Act 1993, it can be challenging for freeholders to be adequately compensated without leading to long and often expensive drawn-out disputes. At Samson Consultants, our RICS Chartered Surveyors make the whole process straightforward for both sides.
Our Services for Leaseholders
At Samson Consultants, we can provide accurate and timely valuations for leaseholders who wish to extend their lease. If your property has less than 83 years remaining on its lease, you should seriously consider extending.
Alternatively, you could group together with your fellow leaseholders and take control of the entire building — you're entitled to by law. The process of extending your lease or taking over the freehold (known as collective enfranchisement) can be long and confusing, unless you let our friendly surveyors do the hard work for you.
- Lease extension valuations (Section 42 notices)
- Collective enfranchisement advice
- Right to Manage (RTM) guidance
- Lease extension negotiation support
Our Services for Freeholders
By law, you cannot deny your leaseholders their right to extend their lease, and you cannot charge them excessively to do so. Nonetheless, you deserve to be adequately compensated for granting the lease extension or selling the freehold — meaning you'll need an accurate valuation.
At Samson Consultants, our RICS Chartered Surveyors can value the freehold or the lease extension to confirm a fair value and then negotiate with the leaseholder on your behalf.
- Freehold and leasehold investment valuations
- Lease extension counter-notice advice
- Tribunal representation and expert witness
- Service charge dispute valuations
Why Extend Your Lease?
A short lease, typically below 80 years, can significantly reduce a property's value and make it difficult to sell or remortgage. Extending your lease adds value to your property and gives you greater security of tenure.
The cost of a lease extension increases as the lease gets shorter, so it is generally advisable to act sooner rather than later. Call us to learn more about lease extensions and collective enfranchisement.
Speak to a Leasehold Specialist
Whether you're a leaseholder looking to extend or a freeholder seeking fair compensation, our RICS Chartered Surveyors are here to help. Get in touch for a free initial consultation.