Part 5 The standard valuation method
England and Wales Not yet in force
- 24Introduction
- 25Step 1: determine the value of right to receive rent (the “term value”)
- 26Rent (including a notional capped rent) that is to be used for determining the term value
- 27Step 2 (freehold enfranchisement): determine the value of the freehold reversion (the “reversion value”)
- 28Step 2 (lease extensions): determine the value of a 990 year lease (the “reversion value”)
- 29Step 3: calculate the market value of the newly owned premises subject to the standard valuation method