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035 _a(Sirsi) u91403
041 _aeng
245 _aMaryland Estates Ltd v Abbathure Flat Management Co Ltd
260 _c1999
350 _a0
490 _aEstates Gazette
_v[1999] 06 "EG" 177-184(8)
520 _aLT 25 August 1998. Appeal by landlord M and cross-appeal by nominee purchaser A, over assessment of marriage value under Leasehold Reform, Housing and Urban Development Act 1993, para 4 of Schedule 6. The Leasehold Valuation Tribunal determined freehold price at £21,000, M sought £31,750 and A sought £9,600. Certain factors could be taken into account in valuing the freehold interest for the purposes of determining marriage value. These included the benefits to tenants, such as lower management charges and repair costs and the elimination of groundrent. It was necessary to determine the increase of value if any, of the freehold interest when it passes to the tenants` control. "Held" that an uplift of 5% above the value of existing leases and a sum of £4,480 for elimination of the ground rent was appropriate.
650 _aABBATHURE FLAT MANAGEMENT CO LTD
650 _aBLOCK OF FLATS
650 _aDETERMINATION OF PRICE
650 _aFREEHOLD INTEREST
650 _aGROUND RENT
650 _aHOUSING AND URBAN DEVELOPMENT ACT 1993
650 _aLEASEHOLD ENFRANCHISEMENT
650 _aMARRIAGE VALUE
650 _aMARYLAND ESTATES LTD
690 _aLANDLORD AND TENANT-CASE LAW-LEASEHOLD REFORM
942 _n0
948 _c17/02/1999
999 _c58024
_d58024