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(UK) How do you calculate the value of a lease extension if the property is being run as a charity?
I see. Are there any legal considerations that need to be taken into account when calculating the value of the lease extension for a charity property?
Yes, when calculating the value of a lease extension for a charity property, you would need to take into account any legal restrictions or regulations that apply to the property. For example, if the charity is a registered charity, it may be subject to specific rules and regulations that govern the use and leasing of its property. Additionally, if the charity's property is subject to any kind of legal agreement or restriction, such as a conservation easement or a land trust agreement, this may also affect the value and terms of any lease extension agreement.