000			02265cab a22002655a 4500
001			L147329
008			090430e20091222xxk f v 000 0 eng d
035			_a(Sirsi) u147329
041	0		_aeng
245	0	0	_aNailrile Ltd v Cadogan & Ors; Daejan Properties Ltd v Eyre Estate Trustees and others; Lalvani and others v Earl Cadogan and another; Metropolitan Properties Co (FGC) Ltd v Kingston and Haunes; UAE Investments Ltd v Alim Investments Ltd and Commissioners of the Exhibition of 1851 _h[electronic resource]
260			_c2008
520			_a[2008] EWLands LRA_114_2006, 22 December 2008. The valuation of intermediate leases will be more complex than before. The Lands Tribunal made an interim decision in five conjoined appeals against leasehold valuation tribunal decisions raising issues about the amount payable to the intermediate leaseholder (L) under the Leasehold Reform, Housing and Urban Development Act 1993 Sc.13 where the qualifying tenant (T) exercised his right to the grant of a new lease under the Act. In all cases, the rent payable by L to its landlord, the freeholder (F), exceeded the rent that L would receive from T following the grant of the new lease and the abatement of T's rent to a peppercorn under s56(1). Case raised the issue of how to value a negative income flow. Held: appeals allowed in part. The Lands Tribunal set out the principles to be followed in the valuation of an intermediate leaseholder's interest in a flat pursuant to the Act. The accumulative rate should be the risk-free rate of 2.25% as taken in Sportelli.
590			_aKA
650	2	4	_aLEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993 S56(1)
650	2	4	_aLEASEHOLD REFORM, HOUSING AND URBAN DEVELOPMENT ACT 1993 SCHED 13
650	2	4	_aEARL CADOGAN AND ANOTHER V SPORTELLI AND ANOTHER
650	2	4	_aRAILTRACK PLC AND ANOTHER V GUINNESS LTD
650	2	4	_aJONES V WROTHAM PARK SETTLED ESTATES
650	2	4	_aGHAIDAN V GODIN-MENDOZA
650	2	4	_aARROWDELL V CONISTON COURT (NORTH) HOVE LTD
651		4	_aEngland and Wales _y1543-
690			_aPROPERTY-LANDLORD AND TENANT-LEASES-LEASEHOLD ENFRANCHISEMENT
856	4	0	_uhttps://www.bailii.org/ew/cases/EWLands/2008/LRA_114_2006.html _zView the report at www.bailii.org...
942			_n0
999			_c81483 _d81483