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Getting the price right

By: Language: English Series: New Law Journal ; 157(7298) 23 November 2007, Publication details: 2007Subject(s): Summary: Examines the impact of the recent Lords Court of Appeal decision in the case of Earl Cadogan v Sportelli (L141130) on the determination of enfranchisement prices. Explains that hope value will play no part in the value determination. Leasehold valuation tribunals should apply 4.75% for houses and 5% for flats in central London, notwithstanding credible evidence otherwise.

Examines the impact of the recent Lords Court of Appeal decision in the case of Earl Cadogan v Sportelli (L141130) on the determination of enfranchisement prices. Explains that hope value will play no part in the value determination. Leasehold valuation tribunals should apply 4.75% for houses and 5% for flats in central London, notwithstanding credible evidence otherwise.