Leasehold valuation: The search for the holy grail continues

Forsters LLP | Property Law Journal | March 2018 #359
Natasha Rees reviews the decision in Mundy, which saw the Court of Appeal analyse current valuation methods ‘The Mundy appeal focused on the method that is used in calculating the marriage value element of the premium of a lease extension, which only applies where the lease has fallen below 80 years.‘ The leasehold market has …

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Enfranchisement: Get real

Forsters LLP | Property Law Journal | July/August 2016 #343
Amy Jackson examines a decision that gives key guidance on how to determine relativity ‘The relative value of the first existing leasehold interest as against the freehold value of the property is expressed as a percentage.’ The Upper Tribunal (Lands Chamber) has recently handed down the much awaited decision on three conjoined cases: The Trustees …

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Leasehold Enfranchisement: 2015 in review

Forsters LLP | Property Law Journal | February 2016 #338
Natasha Rees provides an overview of a year in enfranchisement ‘The wording of [a] counter-notice is crucial when considering whether the equivalence test has been satisfied. A freeholder keen to avoid losing additional freehold land must consider carefully which rights to offer in its counter-notice.’With appeals on issues ranging from statutory costs to the rights …

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Leasehold Enfranchisement: It’s all relative

Forsters LLP | Property Law Journal | October 2014 #325
The Upper Tribunal has recently favoured a more conventional way of working out marriage value for the purposes of an enfranchisement claim. Natasha Rees examines the consequences ‘Over the years valuers, with experience of the market, have developed relativity graphs based on tribunal decisions and settlement evidence.’ Hedonic regression is not the usual topic of …

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