Dilapidations Section 18
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A section 18 1 valuation provides a statutory cap for damages by calculating the difference by which the value of the landlord s interest has been reduced on account of the breaches of lease covenant.
Dilapidations section 18. Not surprisingly therefore dilapidations arguments at the end of a lease are a significant talking point. This is otherwise known as the diminution in value of the landlord s interest. Two aspects have potential to reduce dilapidations payments.
Section 18 valuation court cases in the light of clause 4 8 5 10 of the protocol a section 18 valuation is required where works are not being undertaken. Two key cases clearly demonstrate where a section 18 1 valuation may severely reduce a potential claim. Statutes capping dilapidations section 18 section 65 etc the legislation surrounding dilapidation procedures can be complex and difficult to negotiate without the right help.
Dilapidations section 18 of the landlord and tenant act 1927 expert advice covering the notoriously complex area of dilapidations and diminution in value. The common law measure of damages for such a claim is the cost of undertaking the works to which the breach relates however this common law situation is modified by section 18 1 of the landlord and tenant act 1927. Too few landlords and tenants pay attention to the limitation on liability for dilapidations under section 18 landlord and tenant act 1927.
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