Provides a comprehensive Valuation Report with explanatory notes and up to two pages of calculations detailing the variables affecting the cost of lease extension.
Our valuations are suitable for informal premium negotiation, inheritance/taxation purposes and service of Section 42/45 Notices under the Leasehold Reform Housing & Urban Development Act 1993 for statutory lease extension.
Many leaseholders and freeholders are able to informally negotiate the premium payable for lease extension without having to use the statutory lease extension route.
Pro-Leagle provide an expert valuation negotiation service on your behalf to achieve the best price and terms for an informal lease extension. You will need a Pro-Leagle lease extension valuation or surveyor's report before you can obtain this service.
Leaseholders: If you have been provided with a draft New Lease or Deed of Variation for an informal lease extension, Pro-Leagle can provide a Lease Assessment Report detailing potential problem clauses that would be considered onerous to accept and recommend their removal or suggest alternatives.
Freeholders: We can advise on how custom lease clauses (such as non-statutory lease extension terms or modified ground rents) may affect the value stored in the freehold.
Leaseholder(s): An absent freeholder may cause problems when attempting to extend your lease. If your freeholder is absent you will need to demonstrate that you have attempted to locate your missing freeholder when applying to the Court for a vesting order grating the right to a lease extension.
Pro-Leagle's tracing service will attempt to identify the owner of the freehold and their correspondence address. In the event that the freeholder cannot be found, Pro-Leagle will provide a certification document describing comprehensive search methods and advertisements used. Pro-Leagle will also discuss with you the ways in which you can proceed.