LT LEASEHOLD ENFRANCHISEMENT – premium payable for the grant of new underlease of flat – legal status of correction certificate issued by LVT – right of respondents to argue for higher premium than that awarded by LVT in absence of a cross-appeal – right of respondents to argue for higher premium and/or more favourable components of valuation than contended for before LVT – value of extended underlease – value of existing underlease – relativity – uplift to freehold value – whether hope value in tenant’s existing underlease to be disregarded – existence of hope value as a matter of fact – premium reduced from andpound;1,154,000 to andpound;1,055,000.
Citations:
[2007] EWLands LRA – 69 – 2006
Links:
Jurisdiction:
England and Wales
Landlord and Tenant
Updated: 19 August 2022; Ref: scu.260323