Surprised by low offer from leaseholder?Make Text Bigger
I have a flat where I am a freeholder. There are only two flats in the building,
A couple of months ago, I had been contacted by the leaseholder to extend the lease as there is only 68 years left. I said to them that we would need to get a surveyor to value the lease.
To my surprise, I was contacted by a company who specialise in lease valuations who was representing the leaseholder with an offer. The offer seemed low at 6K
I then went onto the various leaseholder calculators and the range seems to be around 9-15K, 12-16K. One calculator gave 12K low, 14k Medium and 15K High
What the protocols to follow. Should I pay for a Surveyor to carry out the lease valuation? They normally charge around £500.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.