Cadogan & Anor v Sportelli & Anor [2007] EWCA Civ 1042 (25 October 2007)

  • Article
  • Published: 25 Oct 2007
  • Last edited: 25 Oct 2007

Syndicated from Landlord and Tenant

The Court of Appeal held that hope value was not a permissible element when valuing under Schedule 6 or 13 of the Leasehold Reform, Housing and Urban Redevelopment Act 1993. It should therefore not be included when valuing the price to be paid for collective enfranchisement or lease extensions. Further, the Court of Appeal upheld the Lands Tribunal's judgment that deferment rates used for calculating the value of a reversionary interest should be set at 4.75% for houses and 5% for flats.

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