Williams v Portman Family Settled Estates Trustees
Language: English Series: Estates Gazette ; [1996] 25 EG 173-179(7)Publication details: 1996Subject(s): Summary: LVT 27 February 1996. W sought determination of the price for acquiring the freehold interest in 15 Upper Berkeley Street under the Leasehold Reform Act 1967 s9(1C). W contended for a price of £15,175 and the landlords (P) for £108,000. "Decision" price payable by W on enfranchisement should be £36,000. In valuing P`s interest in the term and the reversion, a 7% rate was appropriate. Present freehold value was £450,000, from which £135,000 should be deducted for tenants improvements. W`s present interest was worth £375,000 from which £122,500 should be deducted for tenants improvements. 50% of the total marriage value was also payable as part of the enfranchisement price.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS55382 (Browse shelf(Opens below)) | 1 | Available | 16081-1001 |
LVT 27 February 1996. W sought determination of the price for acquiring the freehold interest in 15 Upper Berkeley Street under the Leasehold Reform Act 1967 s9(1C). W contended for a price of £15,175 and the landlords (P) for £108,000. "Decision" price payable by W on enfranchisement should be £36,000. In valuing P`s interest in the term and the reversion, a 7% rate was appropriate. Present freehold value was £450,000, from which £135,000 should be deducted for tenants improvements. W`s present interest was worth £375,000 from which £122,500 should be deducted for tenants improvements. 50% of the total marriage value was also payable as part of the enfranchisement price.