What is the Average Cost of Lease Extension? Average Lease Extension Price

The cost of extending a lease is always more expensive and takes a lot of time, up to 6 months. However, it is always beneficial to extend a lease as a short lease can very much affect the value of the property. For example, an apartment on a lease of 50 years could be valued at approximately 50% of the freehold price. It is difficult to ascertain the cost of a lease extension as it depends on various factors such as the location. The average cost of Lease extension is about 10 to 15% more than the cost of the original lease.