Professional Valuation Services (RICs) - Section 42 Lease Extension and Land Sales Valuation
Details
| Contract Title: | Professional Valuation Services (RICs) - Section 42 Lease Extension and Land Sales Valuation |
| Published Date: | Jun 2, 2025 |
| Notice Type: | Notice (CompetitiveContractNotice) |
| Value Banding: | Low Value |
| Delivery Point: | United Kingdom |
Description:
The Awarding Authority 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 extension 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...