The Weekly Law Reports
[2014] 2 WLR 679
Court of Appeal
Cravecrest Ltd v Trustees of the Will of the Second Duke of Westminster and another
[2013] EWCA Civ 731
2013 May 21;
June 19
Sir Terence Etherton C, Rimer, McCombe LJJ
Landlord and tenant— Leasehold enfranchisement— Valuation— Tenants’ right to acquire freehold of premises by way of collective enfranchisement— Intermediate leases subsisting between freehold and occupational leases of participating tenants to be acquired by nominee purchaser on collective enfranchisement— Hope of realising development value if single owner of leases or leases and freehold developing property for use other than as building containing separate flats— Whether development hope value to be taken into account in fixing price to be paid for intermediate leases—
Leasehold Reform, Housing and Urban Development Act 1993 (c 28) (as amended by Housing Act 1996 (c 52), s 109, Sch 10, para 18(4) and Commonhold and Leasehold Reform Act 2002 (c 15), s 126), Sch 6, para 3(1)(1A)