We can also provide you with more specialised services:
|VALUATIONS FOR LEASEHOLD EXTENSIONS|
We can act for the Building Owner or the Adjacent Owner in the preparation and administration of a Party Wall award under the Party Wall etc. Act 1996.
You may require a Party Wall Surveyor if you are planning on any of the following:
A Schedule of condition is a means of recording the condition of a building or premises for legal and/ or contractual reasons.
Common reasons for getting a schedule of condition include:
Under current legislation leaseholders of residential property have the right to acquire a new lease for a term of 90 years in addition to any remaining period of the existing Lease. This process requires a valuation of the property with the existing lease and another valuation assuming the extended lease. This is sometimes called a ‘marriage’ or ‘synergistic’ value.
We can provide these valuations and also undertake negotiations on behalf of either the leaseholder or the landlord to arrive at an agreed premium for the extended lease.