License Alteration Premium Guide

Summary

Determining a fair premium for a license to alter involves evaluating factors like potential property value increase, alteration costs, lease terms, and freeholder contributions. Consulting a property surveyor or legal expert can provide a more precise figure based on these variables.

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Determining a fair premium for a license to alter involves several factors, including:
- Potential increase in property value due to the alteration.
- Costs associated with the alteration, including structural changes and legal fees.
- Terms of the existing lease and any restrictions.
- Freeholder's contributions, such as providing a new roof and scaffolding.
Speaking with a property surveyor or legal expert can provide a more precise figure based on these variables. If you have any other questions or need further information, feel free to ask!