Nicholson v. Leasehold Valuation Tribunal for the Midlands Rent Assessment Panel [electronic resource]
Nicholson v. Leasehold Valuation Tribunal for the Midlands Rent Assessment Panel [electronic resource]
- 2007
LRA 29 2006, 08 January 2007. Appeal by the landlords of a flat against a decision of the Leasehold Valuation Tribunal (LVT) which determined the premium to be paid for a new lease of the flat. The landlords applied for permission to appeal on the deferment rate only. Before the LVT there was agreement between the valuers that the yield rate for capitalising the ground rent was the same as the deferment rate. In their valuation the LVT adopted the same rate for capitalising the ground rent as for the deferment rate. "Held": on the basis of Cadogan v Sportelli there was no reason for taking deferment rate other than 5%.
ARBIB V EARL CADOGAN
EARL CADOGAN AND ANOTHER V SPORTELLI AND ANOTHER
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
England and Wales--1543-
LRA 29 2006, 08 January 2007. Appeal by the landlords of a flat against a decision of the Leasehold Valuation Tribunal (LVT) which determined the premium to be paid for a new lease of the flat. The landlords applied for permission to appeal on the deferment rate only. Before the LVT there was agreement between the valuers that the yield rate for capitalising the ground rent was the same as the deferment rate. In their valuation the LVT adopted the same rate for capitalising the ground rent as for the deferment rate. "Held": on the basis of Cadogan v Sportelli there was no reason for taking deferment rate other than 5%.
ARBIB V EARL CADOGAN
EARL CADOGAN AND ANOTHER V SPORTELLI AND ANOTHER
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
England and Wales--1543-