Visible Information Packaged Systems Ltd v Squarepoint (London) Ltd and others
Visible Information Packaged Systems Ltd v Squarepoint (London) Ltd and others
- 2000
- Estates Gazette Law Reports [2000] 30 EG 121-125(5) .
LT 16 February 2000. The tenants of W and B applied to the Leasehold Valuation Tribunal (LVT) for a determination of the premium to be paid to the freeholder S, and to the intermediate leaseholder, V, in consideration of a new, extended lease of a flat under the Leasehold Reform, Housing and Urban Development Act 1993 s48. The LVT determined the compensation payable to V, for the value of its intermediate lease, at £184. V appealed, contending that the LVT, in calculating the loss-of-profit rent, when all parties had agreed that the loss-of the gross rent should be taken, had been wrong. 'Held' appeal was allowed.
VISIBLE INFORMATION PACKAGED SYSTEMS LTD V SQUAREPOINT (LONDON) LTD
CALCULATION OF VALUE
GROSS RENT
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993 S13
LOSS OF PROFIT
LT 16 February 2000. The tenants of W and B applied to the Leasehold Valuation Tribunal (LVT) for a determination of the premium to be paid to the freeholder S, and to the intermediate leaseholder, V, in consideration of a new, extended lease of a flat under the Leasehold Reform, Housing and Urban Development Act 1993 s48. The LVT determined the compensation payable to V, for the value of its intermediate lease, at £184. V appealed, contending that the LVT, in calculating the loss-of-profit rent, when all parties had agreed that the loss-of the gross rent should be taken, had been wrong. 'Held' appeal was allowed.
VISIBLE INFORMATION PACKAGED SYSTEMS LTD V SQUAREPOINT (LONDON) LTD
CALCULATION OF VALUE
GROSS RENT
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993 S13
LOSS OF PROFIT