000			01478cab a2200181 4500
001			ABS38708
008			090401t1988 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u12081
041			_aeng
245			_aLynch and another v Castlebeg Investments (Jersey) Ltd
260			_c1988
350			_a0
490			_aEstates Gazette _v(8803) 23 January 1988, 101-103(2)
520			_aLVT/876/1/85 3 June 1987. An application by the tenants (L) for determination of price payable for the freehold of a house in Cardiff. L in arriving at their decision, capitalised the ground rent by using 7% producing a multiple of 14.3, giving 572, to which was added 62 for the reversionary interest. At issue, was the question of insurance commission . The tenants argued that once the freehold was sold, the part of the agency commission which covered administration etc, would disappear. Therefore, payment of compensation to the landlord for its loss was not necessary. The landlord`s valuer relied on the decision in Re Castlebeg Investments (Jersey) Ltd`s Appeal , where the LT had allowed that the purchaser could obtain a commission on a single insurance premium. On reaching a decision, the present tribunal accepted it was now bound by the above decison as long as they had sufficient evidence that the purchaser of the freehold reversion could obtain commission on the insurance premiu
690			_aLANDLORD AND TENANT-CASE LAW-LEASEHOLD REFORM
942			_n0
948			_c04/03/1997
999			_c7730 _d7730