Cravecrest Ltd v Trustees of the Will of the Second Duke of Westminster

Subject Matter

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 (as amended by Housing Act 1996, Sch 10, para 18(4) and Commonhold and Leasehold Reform Act 2002, s 126), s 109, Sch 6, para 3(1)(1A)

[2014] Ch 301; [2014] 2 WLR 679

Appellate History