Let's try an alternative method
Ward, Martin
Let's try an alternative method - 2005 - Estates Gazette (0538) 24 September 2005, 140(1) .
Leasehold valuation tribunals have been criticised for being pro-tenant when settling disputes about the price to be paid for a freehold or lease extension. The Commonhold and Leasehold Reform Act 2002 stipulates that in leasehold enfranchisement cases where the unexpired term of the lease exceeds 80 years the marriage value is nil but the Act can still provide for full and fair compensation where the term and the reversion are correctly valued. Covers the weakness in the current method of calculating the freehold reversion value of a block of flats which wrongly assumes that the property will not appreciate in value during the remainder of the unexpired lease term. Provides two solutions that rectify this problem
COMMONHOLD AND LEASEHOLD REFORM ACT 2002
Let's try an alternative method - 2005 - Estates Gazette (0538) 24 September 2005, 140(1) .
Leasehold valuation tribunals have been criticised for being pro-tenant when settling disputes about the price to be paid for a freehold or lease extension. The Commonhold and Leasehold Reform Act 2002 stipulates that in leasehold enfranchisement cases where the unexpired term of the lease exceeds 80 years the marriage value is nil but the Act can still provide for full and fair compensation where the term and the reversion are correctly valued. Covers the weakness in the current method of calculating the freehold reversion value of a block of flats which wrongly assumes that the property will not appreciate in value during the remainder of the unexpired lease term. Provides two solutions that rectify this problem
COMMONHOLD AND LEASEHOLD REFORM ACT 2002