The valuation formulae are complex but are primarily based on compensation for loss of ground rent and the length of the unexpired term. As specified above it is very important to be aware if the lease has less than 80 years left at the date the Notice is served on the competent landlord, the lessee must also pay Marriage Value which will increase the premium.
The Leasehold Advisory Service offers a useful lease extension calculator visit http://www.lease-advice.org/ or alternatively visit our directory of service providers for details of solicitors and surveyors that specialise in lease extensions Flat Living Directory.
