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Posts Tagged: Valuation

Chung and Another v Towey Tenants Liability to Pay the Landlords Valuations Costs on Enfranchisement

Posted by on May 12th 2017 in Blog Posts, Litigation

Chung and Another v Towey Tenants Liability to Pay the Landlords Valuations Costs on Enfranchisement

On a Tenant’s decision to buy the freehold of their property, the Tenant is responsible for paying for a number of things; the purchase price as well as their own valuation, conveyancing and legal fees. The Tenant is also responsible for the reasonable costs of the Landlord for investigating the Tenant's right to acquire the freehold and the Landlord’s valuation costs incurred. The Landlord’s valuer has the role of the negotiator for the Landlord. These ‘negotiation’ costs are not recoverable from the Tenant and should be clearly separated from the Valuation costs which are recoverable.

Additionally any costs incurred in connection...

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