Leasehold Reform Act valuations

At Chris Smart Chartered Surveyors, we specialise in providing clear, reliable, and expert valuation advice under the Leasehold Reform Act. Whether you are a leaseholder seeking to extend your lease or a freeholder negotiating terms, our role is to guide you through the process with professionalism and precision.

The Leasehold Reform, Housing and Urban Development Act 1993 (as amended) gives qualifying leaseholders the statutory right to extend their lease by 90 years at a peppercorn ground rent, or in some cases, the right to collectively purchase the freehold of their building. These rights are powerful, but the valuation process can be complex. Determining the correct premium payable involves considering multiple factors, including the existing lease length, ground rent, property value, and whether marriage value applies.

Chris Smart Chartered Surveyors brings extensive experience in this specialist area. We act for both leaseholders and freeholders, ensuring our clients understand the financial implications of a lease extension or enfranchisement claim. Our valuations are prepared in accordance with the relevant legislation and case law, and we are well-versed in the negotiation process with the other party’s surveyor. Where necessary, we can also provide expert representation at the First-tier Tribunal (Property Chamber).

Our service is tailored to each client’s needs. We begin with a thorough inspection and valuation report, explaining how the premium is calculated and highlighting the key considerations that may affect negotiations. We then support you through discussions with the other side, aiming to achieve a fair and efficient settlement without unnecessary delay or expense.

At Chris Smart Chartered Surveyors, we pride ourselves on delivering professional, approachable advice. Our aim is to make the Leasehold Reform process as straightforward as possible, while safeguarding your interests and maximising the outcome.

If you are considering extending your lease or pursuing freehold enfranchisement, contact Chris Smart Chartered Surveyors today for expert guidance and a no-obligation discussion of your options.