000			01970cab a2200337 4500
001			ABS59694
008			090401t1998 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u89940
041			_aeng
245			_aCadogan Estates Ltd v Shahgholi
260			_c1998
350			_a0
490			_aRating & Valuation Reporter _v[1998] RVR 266-276(11)
520			_aLT 8 July 1998. A leasehold valuation tribunal determined the premium to be paid by the tenant for a new lease of a maisonette at 45 Cadogan Place, London SW1 at £417,975. The landlord appealed to the Lands Tribunal and the tenant cross appealed. It was agreed that the tenant was entitled to a new 90 year lease at a peppercorn rent, that the valuation date was 4 June 1996, and that the deferment rate for valuing the landlord`s existing and proposed reversionary interests was 6%. Five elements were at issue: the vacant possession value of the lease, the adjustment of the value of the lease to reflect the freehold value, the deduction to reflect the tenant`s right to a statutory tenancy, the value of the tenant`s existing interest, and the landlord`s share of marriage value. "Held" the premium to be paid was £572,500. It had been clearly demonstrated that the leasehold valuation tribunal was wrong and the conclusion and valuation was against the weight of market evidence presented.
650			_aADJUSTMENTS
650			_aCOMPARABLES
650			_aFAIR RENTS
650			_aFREEHOLD VALUE
650			_aLANDLORD AND TENANT ACT 1954 PART I
650			_aLEASEHOLD REFORM
650			_aMARRIAGE VALUE
650			_aOPEN MARKET RENTS
650			_aREVERSIONARY FREEHOLDS
650			_aSINCLAIR GARDENS INVESTMENTS (KENSINGTON) LTD V FRANKS
650			_aSTATUTORY TENANT
650			_aVACANT POSSESSION VALUE
650			_aVERKAN & CO LTD V BYLAND CLOSE (WINCHMORE HILL) LTD
690			_aLANDLORD AND TENANT-CASE LAW-LEASEHOLD REFORM
942			_n0
948			_c25/11/1998
999			_c56947 _d56947