Moore and others v Escalus Properties Ltd
Moore and others v Escalus Properties Ltd
- 1997
- Estates Gazette [1997] 07 EG 149-152(4) .
LVT 30 July 1996. M sought the determination of the price payable for the acquisition of the freehold of a block of 3 flats, they claimed a value of £950 - based on the price of £750 paid by the present landlord in 1993. E argued for £3,655 contending its investment in a ground rent was valued not only on the ground rent but on insurance commission, benefits of management and subsidiary income. "Decision" price was £1,885 based on a capitalisation rate of 11%.
DETERMINATION OF PRICE
FREEHOLD REVERSION
GROUND RENTS
INSURANCE COMMISSION
LEASEHOLD ENFRANCHISEMENT
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
MOORE AND OTHERS V ESCALUS PROPERTIES LTD
OPEN MARKET VALUE
LVT 30 July 1996. M sought the determination of the price payable for the acquisition of the freehold of a block of 3 flats, they claimed a value of £950 - based on the price of £750 paid by the present landlord in 1993. E argued for £3,655 contending its investment in a ground rent was valued not only on the ground rent but on insurance commission, benefits of management and subsidiary income. "Decision" price was £1,885 based on a capitalisation rate of 11%.
DETERMINATION OF PRICE
FREEHOLD REVERSION
GROUND RENTS
INSURANCE COMMISSION
LEASEHOLD ENFRANCHISEMENT
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
MOORE AND OTHERS V ESCALUS PROPERTIES LTD
OPEN MARKET VALUE