If you are considering renewing your lease, one of the first questions is, “How much will it cost?” The statutory assessment process is complex, so it is often very difficult at the beginning of the process to develop a clear idea of the exact cost of renewing the lease. Compensation must be compensated for any other loss of value in your lessor`s interest in other real estate (other dwellings in the building or in the building itself) and for losses or damages resulting from the granting of the new lease. It is difficult to find examples where a lessor could claim damages, since in most cases he retains the owner of the property and therefore there is no need to compensate them. It is likely that the only situation in which compensation might be required would be to claim the loss of the opportunity to redevelop land or convert a house into a dwelling converted into a single house converted into a single house. The role of the court is not to choose your landlord`s assessment, but to make an independent decision. The court`s decision may therefore not necessarily reflect the prices you or your landlord have proposed. The law stipulates that if more than 80 years remain on the current lease, the value of the marriage will be zero. In other words, the value of the marriage is not paid if more than 80 years remain in the tenancy agreement, if the tenant asks for the extension. As described above, the value of the marriage is the increase in the value of the property after the extension of the tenancy. It reflects the increase in the market value of the longer lease. Since this potential “benefit” derives solely from the lessor`s obligation to grant the new tenancy agreement, it must be divided equally between the lessor and the tenant by law. In the case of a lease, the value of the property decreases when the remaining time on the lease expires and a long lease on the open market is generally worth more than a short lease.
In the case of a rent extension, the renewal of the tenancy agreement can generally be considered to increase the value of the unit. The increase in value depends on the length of the lease before being extended, and there is no rule as to increasing the value. It is this added value that the appraiser must estimate on the basis of the evidence he has on local real estate sales. In this case, the longer lease may generate a slightly higher value for the term, but the reverse value is almost nothing and there is no marriage value. We will lease $50,000 worth of assets over 10 years. Payments are made at the end of the year with an interest rate of 14%. In some cases, your immediate landlord will not be the competent lessor for the needs of the application, and will only have a nose in mind. The competent lessor, who is usually the free owner, is the owner whose interest is long enough to grant the 90-year extension to which you are entitled.