We present a new model to compute turbulent surface heat and momentum fluxes over leads in the Arctic sea ice. The momentum roughness length uses a sea state parameterization which is fully consistent with the surface turbulent flux parameterization. The flux parameterization accounts for the fetch limitation of the airflow over a lead. The surface roughness length for heat is determined from an application of surface renewal theory to the air‐sea interface. The modeled fluxes are compared with in situ observations of lead fluxes. We also compare our model results with a bulk flux algorithm which has been commonly used to evaluate surface heat fluxes from leads. We perform sensitivity studies to examine the role of the surface renewal timescale, the importance of the cool skin, and impact of wave age dependence on the momentum roughness length. We have computed integral heat fluxes as a function of lead width/fetch for various atmospheric states to determine the magnitude of heat flux in a mesoscale model grid in which a lead is present.