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LEASEHOLD ENFRANCHISEMENT � flats � premiums for extended leases � capitalisation rate � discount for onerous ground rent terms � Leasehold Reform, Housing and Urban Development Act 1993, Schedule 13 Part I � appeal dismissed
Wayne Clarke , instructed by Hewitsons LLP, solicitors of Cambridge, for the appellant
Nathaniel Duckworth , instructed by Kennedys, solicitors of London, for the respondents�
This is an appeal, heard by way of review, from a decision of the Leasehold Valuation Tribunal for the Eastern Rent Assessment Panel (the LVT) dated 14 September 2011 which determined the premiums to be paid for extended leases on three flats at The Waterside, Low Road, Hellesdon, Norfolk as follows:
The appellant, C A Trott (Plant Hire) Ltd, which is the freehold owner of the flats and was the respondent before the LVT, applied to it on 5 October 2011 for permission to appeal on the grounds that in considering, inter alia, the loss of ground rent to the landlord upon the grant of the extended leases as provided for by Schedule 13 to the 1993 Act , and the effect that the onerous ground rent review provisions had on value:
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