- v - (London : Section 48) [2013] UKFTT RP_LON_00AX_OL_2013_0534 (11 September 2013)

- v - (London : Section 48) [2013] UKFTT RP_LON_00AX_OL_2013_0534 (11 September 2013)

The Tribunal determined the premium payable based on an appropriate relativity value of 0.91, a capitalisation rate of 0.065, and a deferment rate of 0.05, with an unexpired term of 68.77 years.

Source-derived case information.

Citation
[2013] UKFTT RP_LON_00AX_OL_2013_0534
Parties
Applicant: Ms McCarthy; Respondent: Plainworth Limited
Jurisdiction
England and Wales
Judgment Date
11 September 2013
Procedural Posture
Application for Determination of Premium Payable / Final Judgment
Outcome
premium determined
Legal Topics
Leasehold Enfranchisement, Premium Determination, Relativity Value
Property Law Leasehold Enfranchisement Premium Determination Relativity Value

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Parties

Ms McCarthy

Applicant

Plainworth Limited

Respondent

Procedural Posture

Application for Determination of Premium Payable / Final Judgment

  1. 1 What is the appropriate premium payable for lease extension?
  2. 2 What relativity value should be applied?

Ratio Decidendi

The Tribunal determined the premium payable based on an appropriate relativity value of 0.91, a capitalisation rate of 0.065, and a deferment rate of 0.05, with an unexpired term of 68.77 years.

Court Disposition

premium determined

Orders

  • The premium payable for lease extension is determined as per the Tribunal's calculation.