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Country - United Kingdom
Summary - Professional Valuation Services (Rics) - Section 42 Lease Extension And Land Sales Valuation
Deadline - Jun 13, 2025
GT reference number - 109922341
Product classification - Electrical installation work
Address - United Kingdom
Contact details - 565656565
Tender notice no. - 76454545
GT Ref Id - 109922341
Document Type - Tender Notices
Description - Description: Gosport Borough Council (GBC) invites you to quote to provide valuation advice. The Council seeks RICS approved professional valuation services with regard to the reasonable premium to be paid by the leaseholder for a 90 year lease exten sion at a peppercorn rent and to provide valuations for land sales.Leasehold properties reduce in value over time, the less time is left on the lease, the less valuable the property becomes. The law gives the leaseholder the right to extend their lease.The right is to add 90 years to what is left of the existing lease at a ‘peppercorn rent’. A peppercorn rent means no ground rent is paid. The landlord (GBC) is entitled to a premium (the price
Gt Ref Id - 109922341
Deadline - Jun 13, 2025
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