Daejan Properties Ltd v Weeks and others
Language: English Series: Estates Gazette ; [1998] 36 EG 146-150(5) (5/9/98)Publication details: 1998Subject(s): Summary: "Daejan Properties Ltd v Weeks and others" LT 15 May 1998. Pursuiant to the Leasehold Reform Housing and Urban Development Act 1993, the respondent tenants served a notice of collective enfranchisement to acquire the freehold to a building containing two maisonettes for the sum of £3,000. The tenants each held leases with some 73 years left on the valuation date. The appellant landlord sought £15,000. Referred to LVT which determined the sum payable as £3,800 based on the value of two 999 year leases of the maisonettes of £109,000 and an uplift of £6,000. The landlord appealed contending for an uplift of £30,000 and a yield of 7 per cent. The appeal was dismissed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS59324 (Browse shelf(Opens below)) | 1 | Available | 88811-1001 |
"Daejan Properties Ltd v Weeks and others" LT 15 May 1998. Pursuiant to the Leasehold Reform Housing and Urban Development Act 1993, the respondent tenants served a notice of collective enfranchisement to acquire the freehold to a building containing two maisonettes for the sum of £3,000. The tenants each held leases with some 73 years left on the valuation date. The appellant landlord sought £15,000. Referred to LVT which determined the sum payable as £3,800 based on the value of two 999 year leases of the maisonettes of £109,000 and an uplift of £6,000. The landlord appealed contending for an uplift of £30,000 and a yield of 7 per cent. The appeal was dismissed.