The real cost of Sportelli for landlords and leaseholders
Language: English Series: News on the Block ; (35) 14-15(2)Publication details: 2007Subject(s): Summary: Considers the likely effect of the impending Court of Appeal decision on the Sportelli case (L135153). The case centres on the deferment rate which a tenant pays for an asset which will return to the freeholder at a future time. To compensate for this the price is commonly set at the amount that the value of the property would be when the lease expires. The Lands Tribunal ruled that a deferment rate of 5% should apply to flats irrespective of their location. Explains that this, in tandem with the Arbib case (L131346) represents a decision in favour of leaseholders.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L140822 (Browse shelf(Opens below)) | 1 | Available | 140822-1001 |
Considers the likely effect of the impending Court of Appeal decision on the Sportelli case (L135153). The case centres on the deferment rate which a tenant pays for an asset which will return to the freeholder at a future time. To compensate for this the price is commonly set at the amount that the value of the property would be when the lease expires. The Lands Tribunal ruled that a deferment rate of 5% should apply to flats irrespective of their location. Explains that this, in tandem with the Arbib case (L131346) represents a decision in favour of leaseholders.