Windsor Life Assurance Co Ltd v Austin and another
Windsor Life Assurance Co Ltd v Austin and another
- 1996
- Estates Gazette 1996 34 EG 93-1-4(12) .
LT 7 December 1995. Appeal from West Midlands LVT over determination of price for freehold interest of house under the Leasehold Reform Act 1967. 99-year lease granted in 1971 with rising ground rent. 77 years unexpired. Price determined at £796 representing 22.74 years purchase of initial ground rent. Tenants to pay 50% of landlord`s costs.
COSTS
DELAFORCE EFFECT
DETERMINATION OF PRICE
FREEHOLD INTEREST
LEASEHOLD REFORM ACT 1967
VALUE OF REVERSION
LT 7 December 1995. Appeal from West Midlands LVT over determination of price for freehold interest of house under the Leasehold Reform Act 1967. 99-year lease granted in 1971 with rising ground rent. 77 years unexpired. Price determined at £796 representing 22.74 years purchase of initial ground rent. Tenants to pay 50% of landlord`s costs.
COSTS
DELAFORCE EFFECT
DETERMINATION OF PRICE
FREEHOLD INTEREST
LEASEHOLD REFORM ACT 1967
VALUE OF REVERSION