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Decision Number:
LRA-2006-69
Respondent:
Earl Cadogan and Cadogan Estates Limited
Judge/Member:
Mr Norman J Rose FRICS
His Honour Nicholas Huskinson
Date Of Decision:
02/10/2007
Main Category:
LEASEHOLD ENFRANCHISEMENT
Main Subcategory:
Premium
Notes:
LEASEHOLD ENFRANCHISEMENT − premium payable for the grant of new underlease of flat − legal status of correction certificate issued by LVT − right of respondents to argue for higher premium than that awarded by LVT in absence of a cross-appeal − right of respondents to argue for higher premium and/or more favourable components of valuation than contended for before LVT − value of extended underlease − value of existing underlease − relativity − uplift to freehold value − whether hope value in tenant’s existing underlease to be disregarded − existence of hope value as a matter of fact − premium reduced from £1,154,000 to £1,055,000
Decision(s) to Download:
LRA-69-2006.pdf
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