Hordern v Viscount Chelsea and another
Hordern v Viscount Chelsea and another
- 1997
- Estates Gazette [1997] 07 EG 144-149(6) .
LVT 5 July 1996. H held an underlease of a first floor flat. Following a notice claiming a new lease, H applied to the tribunal for the determination of the premium payable. Her valuers suggested a sum of £233,340, the landlord sought a sum of £350,000 and contended a 10% deduction should be made from the value of the existing freehold to reflect the risk that H would claim security of tenure under the Landlord and Tenant Act 1954 PT I. "Held" premium payable was £283,100. A 25% deduction should be made to reflect the risk of a claim of security of tenure.
EXTENSION OF LEASE
HORDERN V VISCOUNT CHELSEA AND ANOTHER
LANDLORD AND TENANT ACT 1954 PT I
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
PREMIUM
SECURITY OF TENURE
UNDERLEASE
LVT 5 July 1996. H held an underlease of a first floor flat. Following a notice claiming a new lease, H applied to the tribunal for the determination of the premium payable. Her valuers suggested a sum of £233,340, the landlord sought a sum of £350,000 and contended a 10% deduction should be made from the value of the existing freehold to reflect the risk that H would claim security of tenure under the Landlord and Tenant Act 1954 PT I. "Held" premium payable was £283,100. A 25% deduction should be made to reflect the risk of a claim of security of tenure.
EXTENSION OF LEASE
HORDERN V VISCOUNT CHELSEA AND ANOTHER
LANDLORD AND TENANT ACT 1954 PT I
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
PREMIUM
SECURITY OF TENURE
UNDERLEASE