The legislation prescribes the method of valuation but the variables within the calculations are open to negotiation by either side. If an agreement cannot be reached on the terms and/or the premium to be paid for a lease extension or the freehold, application can be made to the First Tier Tribunal (Property Division) for a decision on the outstanding issues.
We have a wealth of experience in preparing submissions and appearing at tribunals.
RICS Chartered Surveyor in London, Essex and surrounding areas.
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