Professional Valuation Services (Rics) - Section 42 Lease Extension And Land Sales Valuation

  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