Lease Extension Cost

  • Filter
  • Time
  • Show
Clear All
new posts

    Lease Extension Cost


    I'm trying to find out what the cost would be to extend the lease on a property with 17 years unexpired to 99 years, ground rent is £30 p.a, value of property after extension would be £140k.

    The original lease was only for 50 years, so would a 'marriage value' still apply, as I am led to believe this is applicable on leases with less than 80 years left to run.

    You can download a free guides on statutory 90 years lease extension and calculation of cost for statutory extension from . You can send an enquiry to LEASE about your situation .



      At 17 years most on line calculators do not give any guidance

      Expect to pay around 50% of the value of the flat if it has a long lease so in this case £70k. Budget for around £1.5k and possible more from the freeholders valuer and solicitors and the same for your own.

      In view of the % that is payable of the value of the flat the valuation could become contentious but remember you only pay the landlords initial valuation. Time and costs in arguing over the value cannot be recovered by the landlord


        Thanks for the response sgclacy, I followed a calculation that I found on a previous post of yours and got to a figure of £74k.

        £30.00 / 0.08 = £375.00

        £140,000.00 / (1.05^17) = £61,082.00

        £140,000.00 x (100% - 38% = 62%) = £86,800.00

        £86,800.00 - £61,082.00 - £375.00 = £25,343.00

        £25,343.00 / 2 = £12,671.50

        £61,082.00 + £12,671.50 + £375.00 = £74,128.50

        Does that look about right?


          Yes, and there will be some latitude in that figure as there are very few deals done at that term remaining so evidence between the expert surveyors will be thin in the ground


            Is there any way I could work out what it would cost to buy the freehold? Just so I can then do a comparison between the two figures.

            Also I may potentially let the property out in the future and think that the current lease doesn't allow subletting (paragraphs below), so purchasing the freehold would also solve this issue.

            'Within one month after every assignment assent transfer or under lease of the demised premises to give notice thereof in writing with particulars thereof to the Landlords solicitors and to produce to them such assignment assent transfer or under lease or in the case of the devolution of the interest of the tenant not perfected by an assent within twelve months after the happening thereof to produce the Landlord the probate of the will or letters of administration under which such devolution arose and to pay the landlords solicitors a reasonable registration fee and their proper disburse nets for the registration of each such assignment assent transfer under lease or devolution'

            'Not at any time during the term hereby granted to divide the possession of the demised premises by an assignment or under letting or parting with possession of part only and not during the last seven years of the term hereby granted without the previous consent in writing of the Landlord assign under let or part with possession of the demised premises'

            From reading both paragraphs I'm not sure if I can sublet, or if I can but a registration fee would be payable? Any idea what the current rate is for a registration fee if that is the case?


              Are you asking questions about a leasehold house or leasehold flat in England or Wales ?


                Leasehold flat in England.


                  You cannot buy the freehold to your flat only of the building that it sits in, if a majority of owners wish to do so, or the landlord agrees to sell it to you , and the others decline to join in.

                  On your post , you cannot sublet the whole or part, except you must obtain consent to sublet the whole in the last 7 years. Notice will have to be given as well. Now do read the whole lease as there may be a further covenant in the lease.
                  Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.


                    Thanks for your reply.

                    The building contains two flats, mine and the other flat which I believe is owned and potentially occupied by the freeholder.

                    So from what your saying I can't sublet, but can do with the freeholders consent in the last 7 years of the lease?

                    I have read through the whole lease and there are no other sections / paragrahps relating to subletting.


                      Originally posted by Shaun23 View Post
                      Leasehold flat in England.
                      You should buy a copy of the leasehold titles for the other flats in block from Land Regsitry Online and find out if the others have extended or not ?


                      Latest Activity


                      • S168
                        by Anna1985
                        How crazy would it be to apply to the tribunal as litigant in person to ask them to determine a breach of lease re property disrepair ( the responsibility is on leaseholders, not freeholder) ?

                        25-08-2019, 18:30 PM
                      • Reply to S168
                        by Anna1985
                        I think I would be soon, although the application would be made in joint freeholder names
                        23-09-2020, 18:58 PM
                      • Reply to Responsibility of window frames
                        by Anna1985
                        Your windows should be covered by Fensa for 10 years, the window installer is under obligation to get them fixed Once Fensa confirms it is their cost. Oh the miracles that could happen when the installer knows they are responsible for all associated costs good luvk
                        23-09-2020, 18:56 PM
                      • Responsibility of window frames
                        by charlie8899
                        Hello - I hope someone can help. I own a new build flat and have a faulty window that needs replacing. This will be quite costly and requires erecting scaffolding. I was surprised to hear from the building management company that windows are the responsibility of the leaseholder. This doesn't seem right...
                        23-09-2020, 08:05 AM
                      • Reply to RTM Company secretary
                        by scot22
                        Is he owed money ? Ask him for detailed proof.

                        Pay him ?
                        23-09-2020, 17:40 PM
                      • RTM Company secretary
                        by Andrew Clark
                        We wish to change the RTM Company Secretary from our legacy managing agent to our new managing agent, the legacy agent will not complete the online authentication code until he is paid what he says he is owed. Thoughts on ways around this
                        23-09-2020, 08:02 AM
                      • Leaseholder refusing to complete repairs
                        by batterseaboy
                        Hi, we are a house divided into three flats. Each flat leasheolder also owns 1/3 of the freehold company and serves as a director.

                        When the top floor flat was given permission to extend his flat the variation stipulated that he would be solely responsible for any issues with the extension...
                        23-09-2020, 16:43 PM
                      • Reply to Leaseholder refusing to complete repairs
                        by scot22
                        Formally notify him that you believe that he is in breach of the lease and given him a time limit to complete repairs.

                        If he doesn't then his sale can be blocked.
                        23-09-2020, 17:39 PM
                      • Reply to Responsibility of window frames
                        by royw
                        I've recently had Windows replaced and they did the upstairs from inside. If scaffold isn't required it will be a lot cheaper.
                        23-09-2020, 16:37 PM
                      • Reply to Responsibility of window frames
                        by AndrewDod
                        I suspect if you took it to Tribunal they would say you are responsible for the frames.
                        It mentions glass separately. And words the doors sort of in parallel.

                        In a way it would be cheaper in the long run for you to take this responsibility. Just make sure it applies to all flats not...
                        23-09-2020, 14:01 PM