Lease Extension Calculator and Leasehold
A Lease Extension Calculator is an online tool that estimates the premium you may pay for a lease extension. It is useful for leaseholders who want to extend their existing lease. However, the calculator is not a substitute for a professional valuation. It will only give you an idea of the premium you might pay, based on data from the national property market, not your specific circumstances. If you are looking for a more accurate estimate, you should seek advice from a surveyor.
A Lease Extension Calculator can provide you with an indication of the premium you can expect to pay. The results, however, are for guidance only. They should not be used in court or tribunal proceedings. It is recommended that you seek professional advice from a Chartered Surveyor if you are considering extending your lease. Using this tool is only a good idea if you are thinking about the possibility of extending your current lease.
The Lease Extension Calculator is based on the RICS’s current market data and is not a substitute for a professional valuation. It will give you an indication of what to expect from a lease extension – not a precise figure. Moreover, it’s important to understand that the results are for guide purposes only and are not to be used in court or tribunal cases. Therefore, it’s recommended to seek professional advice before extending your lease.
How to Use a Lease Extension Calculator and Leasehold Cost Calculator
You can also consult a Chartered Surveyor before extending your lease. It will give you an accurate estimate for the premium you’ll pay, but you shouldn’t use them as a substitute for a full valuation. For best results, consult a professional and seek the advice of a Chartered Surveyor. In particular, you should enter the amount of ground rent if you’re unsure.
The results of the Lease Extension Calculator will be a rough guide and should be used for initial consideration only. It can be used to estimate the premium you’ll need to pay, but it’s not a legal valuation. It’s a simple tool to use and can give you an idea of the premium to expect. You can use it to help you get a better idea of the premium you should pay.
A lease extension calculator is a free tool that can help you estimate the price you’ll need to pay. These calculators are designed to give you an idea of how much you might expect to pay for a lease extension. Remember, the figures are only an indication and should never be used as legal advice. If you’re unsure about the amount you need to pay, it’s advisable to seek a Chartered Surveyor’s advice.