Mastering Lease Extension Valuations
Mastering Lease Extension Valuations
Course Details
The Mastering Lease Extension Valuations course is a comprehensive online training programme designed to provide valuers with the knowledge and skills necessary to carry out lease extension valuations for standard lease extensions of leases above and below 80 years. The course covers all aspects of lease extension valuations and is led by Alison Stone, an experienced surveyor.
Requirements
This course is designed for new and experienced valuers looking to improve their understanding of lease extension valuations. To get the most out of the course, attendees should have a basic knowledge of property valuation and be comfortable working with spreadsheets and basic maths.
Target Audience
The course is ideal for residential surveyors, valuers, and other professionals who need to understand lease extension valuations. It is particularly useful for those who are involved in the negotiation and settlement of lease extensions, as well as those who need to provide advice to clients on lease extensions.
Course Curriculum
This session delves into intricate calculations, providing participants with the tools needed for more complex scenarios. We will navigate the legal processes in detail, with a focus on S42, S48, S60 costs, rights, and obligations. Engage in real-life case studies to apply the legal framework, refining your skills. The class culminates in a comprehensive review and a Q&A session covering the entirety of the course content, ensuring a thorough understanding of both the fundamentals and advanced aspects of lease extension valuations. Stay abreast of current legislation and potential future changes, enhancing your expertise in this dynamic field.
Gain a comprehensive understanding of the legal framework surrounding lease extensions, including the relevant legislation and case law. We will explore the various rights and obligations of landlords and leaseholders, as well as the procedures involved in lease extension negotiations and statutory lease extension claims. By the end of this session, you will have a solid understanding of the legal framework for lease extensions and be able to navigate the process with confidence.
You will examine the different factors that influence ground rents, such as, escalation clauses. Additionally, you will explore how to determine the appropriate capitalisation rate to apply to the ground rent, taking into account profitability, risk, and future projections. Finally, you will also examine the deferment rate and how it is determined.. By the end of this session, you will have a firm understanding of these valuation principles that underpin lease extension calculations.
In the session, you will dive deeper into the world of lease extension valuations. You will learn how to perform detailed calculations on ground rents and capitalisation rates, which are critical components in determining the value of a lease extension. Through practical exercises, you will develop a thorough understanding of how to calculate these rates and how they impact the overall valuation. This session will provide you with the skills and knowledge necessary to confidently approach standard lease extension valuation scenarios.
In the context of lease extension valuations, the concept of marriage value and relativity can be complex and challenging to understand. In this session, you will gain a thorough understanding of what marriage value and relativity are, how they are calculated, and their significance in the valuation process. You will learn how to identify and assess the factors that affect marriage value and relativity, as well as explore case studies to illustrate these concepts. By the end of the session, you will have a clear understanding of the importance of marriage value and relativity in the lease extension valuation process and the impact they have on the final valuation.
In this session, participants will build upon their knowledge of lease extension valuations by reviewing and practicing more example calculations. The session will provide a comprehensive review of previous topics, ensuring participants have a solid understanding of key concepts before moving on to the next session. By the end of this session, participants will have gained further confidence and proficiency in their ability to perform lease extension valuations.
In the session, participants will gain an understanding of the legal framework surrounding lease extension valuations, specifically in relation to Section 42, Section 48, and Section 60 of the Leasehold Reform, Housing and Urban Development Act 1993. The session will cover the rights and obligations of both the leaseholder and freeholder in the lease extension process, as well as the costs associated with each stage of the legal process. Participants will also learn about the various disputes that can arise during lease extension negotiations and the procedures for resolving them. By the end of this session, participants will have an understanding of the legal process and the necessary steps to take when dealing with leasehold reform legislation.
In this session, we'll take a deep dive into the valuations, building on the foundational knowledge gained in earlier sessions, we'll explore more calculations and case studies that illustrate how to apply the knowledge learnt to real-world calculations. By the end of this session, you'll have a comprehensive understanding of how to navigate the valuation aspects of lease extension valuations and be equipped to confidently apply this knowledge in your professional practice.
The session is designed to provide students with an opportunity to apply the concepts and techniques learned throughout the course in a real-world scenario. This session will cover a comprehensive case study that is based on a real-life lease extension valuation project. Students will work through the case study in a step-by-step manner, applying the knowledge they have gained throughout the course to determine the appropriate valuation and negotiate the terms of the lease extension. The case study will also include the legal framework and relevant legislation that applies to the specific case. This session will help students to understand the complexities of lease extension valuation in practice, and develop their skills in applying the concepts and techniques to real-world scenarios.
The final session of the Mastering Lease Extension Valuations course is designed to provide participants with an opportunity to reflect on what they have learned throughout the program. During this comprehensive review and Q&A session, participants will have the chance to ask any remaining questions they may have about the course content and seek clarification on any topics that they found particularly challenging. The session will be interactive, and participants are encouraged to share their thoughts and insights with each other. The instructor will also provide a final review of the course material, highlighting key takeaways and reinforcing important concepts. By the end of this session, participants should feel confident in their understanding of lease extension valuations and equipped to apply their new knowledge in their professional work.
Instructor
Alison Stone
Chartered Surveyor, specialised in valuations, lease extensions, freehold enfranchisement, negotiations & tribunals.Alison is a highly experienced surveyor with over 17 years of experience in residential valuations and lease extensions. She has a deep understanding of the legal, financial and practical aspects of the industry and is passionate about sharing her expertise with others. Alison is dedicated to helping her students achieve their goals through personalised instruction and ongoing support.