Home improvements
Murdoch, S.
Home improvements - 2003 - Estates Gazette (0319) 19 July 2003, 117(1) .
Discusses the problems involved in regard to the assumption relating to tenant's improvements in respect of the valuation formula under the Leasehold Reform Act 1967 in light of the recent HL judgment in "John Lyon's Charity v Shalson" ([2003] 27 EG 139, Abs 67000) The judgment upheld that the price of acquiring the freehold of a higher value house must be reduced to reflect the value added by tenant's improvements. These improvements are those carried out by the tenant or any predecessor in title at their own expense, provided that, at the valuation date, the house would, but for the existence of the improvement, be worth less.
RESTRICTIVE COVENANTS
RECONVERSION
DISREGARDS
LEASEHOLD ENFRANCHISEMENT
HOUSE CONVERSIONS
FREEHOLD
LEASEHOLD REFORM ACT 1967 S9(1A)(D)
LEASEHOLD REFORM ACT 1967 S21(1A)
JOHN LYON'S CHARITY V SHALSON
Home improvements - 2003 - Estates Gazette (0319) 19 July 2003, 117(1) .
Discusses the problems involved in regard to the assumption relating to tenant's improvements in respect of the valuation formula under the Leasehold Reform Act 1967 in light of the recent HL judgment in "John Lyon's Charity v Shalson" ([2003] 27 EG 139, Abs 67000) The judgment upheld that the price of acquiring the freehold of a higher value house must be reduced to reflect the value added by tenant's improvements. These improvements are those carried out by the tenant or any predecessor in title at their own expense, provided that, at the valuation date, the house would, but for the existence of the improvement, be worth less.
RESTRICTIVE COVENANTS
RECONVERSION
DISREGARDS
LEASEHOLD ENFRANCHISEMENT
HOUSE CONVERSIONS
FREEHOLD
LEASEHOLD REFORM ACT 1967 S9(1A)(D)
LEASEHOLD REFORM ACT 1967 S21(1A)
JOHN LYON'S CHARITY V SHALSON