Extending the lease. You can ask the landlord to extend your lease at any time.. (LAS) lease extension calculator gives you a guide to the costs of extending the lease of a flat.. This calculator will give you a general estimate of the premium for a lease extension for a flat. It is based on data available on a national level and does not take into account local factors that may impact on the premium. It cannot give you the actual costs. In considering the likely total cost, you should also bear in mind the leaseholder’s.
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The cost of a lease extension is directly tied to the value of the property. Once the lease falls below 80 years, the landlord is entitled to receive 50% of the increase in property value when an extension iss granted; this “Marriage Value” is what makes it so costly to extend a shorter lease.. Lease Extension Calculator (Detailed) Enter the figures for your property below and click calculate.. Costs: Benefits: Term Ground Rent: Percentage Increase: Reversion: Theoretical increase in value: 50% of marriage value: Total Cost: Theoretical net captial profit: Stamp Duty: Final Cost:
