Market evidence
Sculthorpe, Helen
Market evidence - 2014 - New Law Journal 164(7625) 10 October 2014, 13-14(2) .
Discusses the advantages of using expert market based valuation evidence to work out relativity for freehold and leasehold extensions rather than reliance on RICS endorsed relativity graphs in the light of "Kosta v Trustees of the Phillimore Estate" [2014] UKUT 0319 (LC) which accepted the market based approach put forward by the tenant K's expert valuer rather than the relativity graphs used by the landlord T's valuer. Stresses the importance of market based evidence in working out relativity. Refers to "Arrowdell Ltd v Coniston Court (North) Hove Ltd (LRA/72/2005) and Nailrile Ltd v Cadogan which considered relativity.
RELATIVITY
KOSTA V TRUSTEES OF THE PHILLIMORE ESTATE
ARROWDELL V CONISTON COURT (NORTH) HOVE LTD
NAILRILE LTD V EARL CADOGAN
LEASEHOLD REFORM ACT 1967
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
England and Wales--1543-
Market evidence - 2014 - New Law Journal 164(7625) 10 October 2014, 13-14(2) .
Discusses the advantages of using expert market based valuation evidence to work out relativity for freehold and leasehold extensions rather than reliance on RICS endorsed relativity graphs in the light of "Kosta v Trustees of the Phillimore Estate" [2014] UKUT 0319 (LC) which accepted the market based approach put forward by the tenant K's expert valuer rather than the relativity graphs used by the landlord T's valuer. Stresses the importance of market based evidence in working out relativity. Refers to "Arrowdell Ltd v Coniston Court (North) Hove Ltd (LRA/72/2005) and Nailrile Ltd v Cadogan which considered relativity.
RELATIVITY
KOSTA V TRUSTEES OF THE PHILLIMORE ESTATE
ARROWDELL V CONISTON COURT (NORTH) HOVE LTD
NAILRILE LTD V EARL CADOGAN
LEASEHOLD REFORM ACT 1967
LEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993
England and Wales--1543-