Lease agreements
Valuing a lease for business premises is complex and can only be accurately assessed by a professional. Leased business premises are not valued in the same way as domestic premises. The shorter the period that the lease has left to run, the less likely it is to be of any value. Also, if no one is prepared to take over the lease, that might create a liability rather than an asset because the tenant remains liable for the rent until the lease expires. Also, the client may remain liable for rent payments under the lease even when they have arranged for the lease to be ‘assigned’ to someone else, if that person fails to pay.
Items like cars and vans should be valued at the price likely to be obtained at auction rather than a price an optimist might expect to get from a private sale. Various used car price guides are available online and from newsagents that give a trade price for reasonably modern cars and vans – eg, . These can be used as a guide.