Valuation of option
Valuation of option
- 1993
- Estates Gazette Case Summaries 1993 EGCS 32(2) 27/2/93 .
"Little Hayes Nursing Home Ltd v Marshall" ChD 17 February 1993 involved a dispute, over valuation of a guest house for the elderly, for the option to purchase the freehold. Declared that open market value was to be determined on the assumption that on the valuation date no works needed to be carried out to comply with local authority requirements for registration under the Registered Homes Act 1984.
FREEHOLD
GUEST HOUSE FOR THE ELDERLLY
OPEN MARKET VALUE
OPTION TO PURCHASE
PROPERTY SALES
REGISTERED HOMES ACT 1984
REST HOME
Valuation
"Little Hayes Nursing Home Ltd v Marshall" ChD 17 February 1993 involved a dispute, over valuation of a guest house for the elderly, for the option to purchase the freehold. Declared that open market value was to be determined on the assumption that on the valuation date no works needed to be carried out to comply with local authority requirements for registration under the Registered Homes Act 1984.
FREEHOLD
GUEST HOUSE FOR THE ELDERLLY
OPEN MARKET VALUE
OPTION TO PURCHASE
PROPERTY SALES
REGISTERED HOMES ACT 1984
REST HOME
Valuation