Becker Properties Ltd v Garden Court NW8 Property Co Ltd
Becker Properties Ltd v Garden Court NW8 Property Co Ltd
- 1998
- Estates Gazette (9812) 21 March 1998, 135-144(10) .
LT 22 January 1998. Appellant landlord owner of 13 flats. Notice of collective enfranchisement served on behalf of the tenants of nine of the flats under the Leasehold Reform, Housing and Urban Development Act 1993. LVT determined the purchase price as £62,300 and the landlord appealed contending for a higher value based on a higher yield and `hope value`. Held, appeal dismissed. Price affirmed as £62,300.
APPROPRIATE YIELD
COLLECTIVE ENFRANCHISEMENT
DETERMINATION OF PRICE
FLATS
HOPE VALUE
LEASEHOLD ENFRANCHISEMENT
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
LT 22 January 1998. Appellant landlord owner of 13 flats. Notice of collective enfranchisement served on behalf of the tenants of nine of the flats under the Leasehold Reform, Housing and Urban Development Act 1993. LVT determined the purchase price as £62,300 and the landlord appealed contending for a higher value based on a higher yield and `hope value`. Held, appeal dismissed. Price affirmed as £62,300.
APPROPRIATE YIELD
COLLECTIVE ENFRANCHISEMENT
DETERMINATION OF PRICE
FLATS
HOPE VALUE
LEASEHOLD ENFRANCHISEMENT
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993