What does 'Lease Value' mean when buying a property?
Find out what Lease Value means when you are buying a property. 'What does Lease Value mean?' plus over 150 other property related terms and jargon in plain English
Lease values refer to leasehold properties.
The "value of the lease" could have two meanings:
- The value of the property. As an example an apartment that has 100 years left on the lease and has just sold for £150,000 can be said to have a lease value of £150,000.
- The value of the lease if it were extended so the same property above, with a 120 year lease may sell for £160,000. In this case the value of the lease extension is £10,000 and the Lease Value would be £160,000.
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