Step By Step Guide To Lease Extensions

Oct 17, 2024

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Step By Step Guide To Lease Extensions The concept Whilst your lease is probably the most valuable asset you own, worth whatever you could sell it for in the market place, the servicechargesorted.co.uk /blogs/lower-theu0002service-charge-for-our-flats'>freeholder holds a stake in its value too. Why, because a) he receives investment income from it (the ground rent), b) has the hope value of a premium from you (for buying a lease extension) and c) holds the reversionary interest (the value of it vacant flat in X years time when your lease runs out)

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Step By Step Guide To Lease Extensions

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Step By Step Guide To Lease Extensions The concept Whilst your lease is probably the most valuable asset you own, worth whatever you could sell it for in the market place, the servicechargesorted.co.uk /blogs/lower-the- service-charge-for-our-flats'>freeholder holds a stake in its value too. Why, because a) he receives investment income from it (the ground rent), b) has the hope value of a premium from you (for buying a lease extension) and c) holds the reversionary interest (the value of it vacant flat in X years time when your lease runs out).