Home improvements
Series: Estates Gazette ; (0319) 19 July 2003, 117(1)Publication details: 2003Subject(s): Summary: Discusses the problems involved in regard to the assumption relating to tenant's improvements in respect of the valuation formula under the Leasehold Reform Act 1967 in light of the recent HL judgment in "John Lyon's Charity v Shalson" ([2003] 27 EG 139, Abs 67000) The judgment upheld that the price of acquiring the freehold of a higher value house must be reduced to reflect the value added by tenant's improvements. These improvements are those carried out by the tenant or any predecessor in title at their own expense, provided that, at the valuation date, the house would, but for the existence of the improvement, be worth less.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS67002 (Browse shelf(Opens below)) | 1 | Available | 123406-1001 |
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Discusses the problems involved in regard to the assumption relating to tenant's improvements in respect of the valuation formula under the Leasehold Reform Act 1967 in light of the recent HL judgment in "John Lyon's Charity v Shalson" ([2003] 27 EG 139, Abs 67000) The judgment upheld that the price of acquiring the freehold of a higher value house must be reduced to reflect the value added by tenant's improvements. These improvements are those carried out by the tenant or any predecessor in title at their own expense, provided that, at the valuation date, the house would, but for the existence of the improvement, be worth less.