The acquisition of a freehold by the leaseholders can be a complex area of valuation, involving valuation of several different types of flats, leases and interests in addition to issues such as development rights and non-demised areas. There are also plenty of valuation oddities to consider.
When there’s less than full leaseholder participation, Michael frequently helps those involved solve the problem themselves rather than look for external investors.
Michael acts for both leaseholders and landlords, giving him an unbiased approach that’s invaluable on the rare occasions that matters are referred to Tribunal.
When acting for leaseholders, getting their buy-in at an early stage is critical and Michael strongly advocates early leaseholder meetings to explain the principles openly and deal with any issues from the outset. It’s an approach that’s been proven to work time and time again.
Michael has a transparent fee structure with fixed valuation fees agreed upfront and negotiation fees based on the time involved. He does not charge percentage fees based on what he considers to be the fallacy of claimed savings (deal premium against inflated or deflated notice or counter notice figures).
For a detailed explanation of the qualification requirements and procedures see here.
- Participation assessment
- Capitalisation rate
- Deferment rate
- Flat values (freehold/extended lease/existing lease)
- Hope of marriage value
- Development value
- Marriage value