Freehold Management (Traders) Ltd v Plumley and another
Language: English Series: Estates Gazette ; 284(6355) 10 October 1987, 237-240(3)Publication details: 1987Subject(s): Summary: LT 14 July 1987 (LRA/4/1986). Appeal by freeholder (F) against decision of LVT on the determination of the price to be paid by tenants (P) for the freehold interest of the subject house under the Leasehold Reform Act 1967 s9(1) at 855 against F`s contention of 1,650. P sought to uphold LVT`s decision. Two percentage figures were in dispute. F contended for 40% for site value in place of LVT`s 30% and for 6% in the reversion in place of LVT`s 7%. F`s valuer relied on several other similar plots, determining site values at 46%, 47% and 48%. In his experience site values as a percentage of the whole had not changed since 1983, but, as he had no evidence to support percentages derived from transactions in that year he applied a figure of 40% to the subject house; he also had no evidence regarding ground rents determined in the open market, but, in his experience ground rents paid in respect of flats in the area had not increased as much as other property values and so for the subject pre| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS38294 (Browse shelf(Opens below)) | 1 | Available | 9830-1001 |
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LT 14 July 1987 (LRA/4/1986). Appeal by freeholder (F) against decision of LVT on the determination of the price to be paid by tenants (P) for the freehold interest of the subject house under the Leasehold Reform Act 1967 s9(1) at 855 against F`s contention of 1,650. P sought to uphold LVT`s decision. Two percentage figures were in dispute. F contended for 40% for site value in place of LVT`s 30% and for 6% in the reversion in place of LVT`s 7%. F`s valuer relied on several other similar plots, determining site values at 46%, 47% and 48%. In his experience site values as a percentage of the whole had not changed since 1983, but, as he had no evidence to support percentages derived from transactions in that year he applied a figure of 40% to the subject house; he also had no evidence regarding ground rents determined in the open market, but, in his experience ground rents paid in respect of flats in the area had not increased as much as other property values and so for the subject pre