- v - (London : Section 48) [2013] UKFTT RP_LON_00AS_OLR_2013_0526 (11 December 2013)

- v - (London : Section 48) [2013] UKFTT RP_LON_00AS_OLR_2013_0526 (11 December 2013)

The Tribunal determined the premium for lease extension based on statutory valuation principles, applying agreed capitalisation and deferment rates to the assessed values of the flats.

Citation
[2013] UKFTT RP_LON_00AS_OLR_2013_0526
Parties
Leaseholder, Flat 8: Daniel Gould; Leaseholder, Flat 11: Mr & Mrs S Orchard; Leaseholder, Flat 15: Ms C O'Dono
Jurisdiction
England and Wales
Judgment Date
11 December 2013
Procedural Posture
Leasehold Valuation / Determination of Premium Under Section 48
Outcome
premium for lease extension determined
Legal Topics
Lease Extension, Premium Determination, Valuation
Property Law Landlord and Tenant Lease Extension Premium Determination Valuation

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Parties

Daniel Gould

Leaseholder, Flat 8

Mr & Mrs S Orchard

Leaseholder, Flat 11

Ms C O'Dono

Leaseholder, Flat 15

Procedural Posture

Leasehold Valuation / Determination of Premium Under Section 48

Legal Issues

  1. 1 Determination of premium payable for lease extension under Section 48 of the 1993 Act
  2. 2 Assessment of hope value, capitalisation rate, deferment rate, and unexpired term

Ratio Decidendi

The Tribunal determined the premium for lease extension based on statutory valuation principles, applying agreed capitalisation and deferment rates to the assessed values of the flats.

Court Disposition

premium for lease extension determined

Orders

  • Premium for Flat 8 determined at £26,439
  • Premium for Flat 11 determined at £26,791