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Blackstone Investments Ltd v Middleton-Dell Management Co Ltd

Language: English Series: Estates Gazette ; [1997] 14 EG 135-139(5)Publication details: 1997Subject(s): Summary: LT 31 October 1996. Appellant freehold owner of a block of flats let on 99 year leases with rising ground rents. Under the leases B was obliged to insure the flats and recover the premiums under the service charge provisions. Lessees gave notice to acquire the freehold and LVT set price at £11,750. B appealed, contending price should include value of right to receive commission on insurance premiums. Appeal allowed.
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Law report London Journal article ABS56873 (Browse shelf(Opens below)) 1 Available 77983-1001

LT 31 October 1996. Appellant freehold owner of a block of flats let on 99 year leases with rising ground rents. Under the leases B was obliged to insure the flats and recover the premiums under the service charge provisions. Lessees gave notice to acquire the freehold and LVT set price at £11,750. B appealed, contending price should include value of right to receive commission on insurance premiums. Appeal allowed.