Williams v Portman Family Settled Estates Trustees
Williams v Portman Family Settled Estates Trustees
- 1996
- Estates Gazette [1996] 25 EG 173-179(7) .
LVT 27 February 1996. W sought determination of the price for acquiring the freehold interest in 15 Upper Berkeley Street under the Leasehold Reform Act 1967 s9(1C). W contended for a price of £15,175 and the landlords (P) for £108,000. "Decision" price payable by W on enfranchisement should be £36,000. In valuing P`s interest in the term and the reversion, a 7% rate was appropriate. Present freehold value was £450,000, from which £135,000 should be deducted for tenants improvements. W`s present interest was worth £375,000 from which £122,500 should be deducted for tenants improvements. 50% of the total marriage value was also payable as part of the enfranchisement price.
15 UPPER BERKELEY STREET
FREEHOLD INTEREST
FREEHOLD PURCHASE
FREEHOLD VALUE
LEASEHOLD ENFRANCHISEMENT
LEASEHOLD REFORM ACT 1967 S9(1C)
LEASEHOLD REFORM ACT 1967
MARRIAGE VALUE
TENANTS IMPROVEMENTS
WILLIAMS V PORTMAN FAMILY SETTLED ESTATES TRUSTS
LVT 27 February 1996. W sought determination of the price for acquiring the freehold interest in 15 Upper Berkeley Street under the Leasehold Reform Act 1967 s9(1C). W contended for a price of £15,175 and the landlords (P) for £108,000. "Decision" price payable by W on enfranchisement should be £36,000. In valuing P`s interest in the term and the reversion, a 7% rate was appropriate. Present freehold value was £450,000, from which £135,000 should be deducted for tenants improvements. W`s present interest was worth £375,000 from which £122,500 should be deducted for tenants improvements. 50% of the total marriage value was also payable as part of the enfranchisement price.
15 UPPER BERKELEY STREET
FREEHOLD INTEREST
FREEHOLD PURCHASE
FREEHOLD VALUE
LEASEHOLD ENFRANCHISEMENT
LEASEHOLD REFORM ACT 1967 S9(1C)
LEASEHOLD REFORM ACT 1967
MARRIAGE VALUE
TENANTS IMPROVEMENTS
WILLIAMS V PORTMAN FAMILY SETTLED ESTATES TRUSTS