Ground Lease Valuation Model
Value contractual ground rent, stepped reviews and a terminal land reversion.
- Editable formulas and assumptions
- Base and downside cases
- Model-specific reconciliation checks
- Ground rent value and landlord returns
Updated 27 September 2026. The screenshots are generated from the actual workbook. Illustrative defaults must be replaced and independently reviewed for live decisions.
From assumptions to an auditable investment case.
A landlord-perspective DCF for ground leases. It models contracted rent, review intervals, landlord costs, the finite lease term and a separate terminal reversion rather than blending both into one capitalisation assumption.
How to use it
- Read the ReadMe and Checks sheets before changing inputs.
- Enter ground rent, rent review intervals, landlord costs, the lease term, discount rate and terminal reversion.
- Review stepped rent, landlord cash flow and the separate terminal reversion in the annual Forecast. The included term is 1–10 years.
- Compare the base and downside cases and review the Sensitivity sheet.
- Review each check against its stated expected result, then independently verify assumptions and formulas before using the dashboard.
Worksheets included
Built for the full deal team
Quality controls
The Checks sheet reconciles rent, costs, reversion and acquisition expenditure to investment cash flow, and checks the dashboard IRR calculation. Terminal land reversion is entered separately from rent capitalisation.
Questions about the Ground Lease Valuation Model
What does the Ground Lease Valuation Model calculate?
A landlord-perspective DCF for ground leases. It models contracted rent, review intervals, landlord costs, the finite lease term and a separate terminal reversion rather than blending both into one capitalisation assumption.
What is included in the download?
An editable .xlsx workbook with Dashboard, Assumptions, Forecast, Sensitivity, Checks, ReadMe worksheets.
Does the price include professional use?
Yes. The workbook licence covers internal and client analysis for one organisation, without a subscription. Reselling or redistributing the template is excluded.
Does the workbook contain macros?
No. Calculations use visible spreadsheet formulas and the file contains no VBA.
How do I enter my assumptions?
Enter ground rent, rent review intervals, landlord costs, the lease term, discount rate and terminal reversion. Input cells are visually distinguished from formulas; follow the ReadMe instructions.
Can I test a downside case?
Yes. Use the base/downside case selector and review the workbook’s Sensitivity sheet. The available assumptions depend on the model.
Which quality controls are included?
The Checks sheet reconciles rent, costs, reversion and acquisition expenditure to investment cash flow, and checks the dashboard IRR calculation. Terminal land reversion is entered separately from rent capitalisation.
Can I rely on the default assumptions?
Defaults are illustrative, not current market evidence. Replace and independently verify them for every live transaction.
Which Excel version is recommended?
Use a current desktop release of Microsoft Excel. LibreOffice may format or calculate some financial functions differently.
Which version will I receive?
Your order confirmation provides the purchased workbook, currently v1.3, updated 27 September 2026.