CPO Fact no 3

CPO Fact no 3

Compensation for a business affected by a compulsory purchase order is calculated on one of two basis. Relocation : The cost to relocate the business to a new premises. In addition to the cost to relocate, the business is also entitled to any profits lost as a result...
Lease Extension Fact 5

Lease Extension Fact 5

The House Price Index prepared by the Land Registry indicates property in Tunbridge Wells has held its value over a turbulent twelve months. However there are indications values could fall in the coming months. A silver lining for leaseholders in a falling property...
Rejoice Rejoice, great news for Leaseholders

Rejoice Rejoice, great news for Leaseholders

Lease Extension Fact 2: Rejoice Rejoice, great news for leaseholders looking to extend their lease. Government reforms to the system of lease extension are coming which are very favourable to leaseholders. Currently if a leaseholder chooses to extend their lease, they...
CPO Fact no 2

CPO Fact no 2

CPO Fact 2: Compensation for property owners affected by a scheme where compulsory purchase powers are used can be split broadly into five main headings. 1 : Compensation for land taken. Based on the open market value of land acquired. 2 : Compensation for reduction...
Winstanley Estate, Wandsworth

Winstanley Estate, Wandsworth

The Winstanley Estate regeneration scheme is being undertaken by The London Borough of Wandsworth. The Council is currently negotiating to acquire property on the estate by agreement with leaseholders. In the unlikely event that the Council purchases every flat, they...