Business rates and 'reasonable repair' - Revision history

Designing Buildings at 08:51, 1 January 2021

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	* Schedule of dilapidations.		* Schedule of dilapidations.

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	The case of Newbigin (Valuation Officer) v SJ &J Monk (a firm) (2017) concerned the issues of business rates and 'reasonable repair'.		The case of Newbigin (Valuation Officer) v SJ &J Monk (a firm) (2017) concerned the issues of business rates and 'reasonable repair'.

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	* Schedule of dilapidations.		* Schedule of dilapidations.

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Editor at 10:25, 28 June 2019

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	--[[User:Rex_Cowell_Solicitors\|Rex Cowell Solicitors]]		--[[User:Rex_Cowell_Solicitors\|Rex Cowell Solicitors]]

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
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−	=== Related articles on Designing Buildings Wiki ===	+

	* Business rates.		* Business rates.

Designing Buildings at 08:48, 8 August 2017

2017-08-08T08:48:40Z

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	* Lease Negotiations - Tenants Checklist.		* Lease Negotiations - Tenants Checklist.
	* Leasehold covenants.		* Leasehold covenants.
		+	* Local property tax.
	* Property disrepair and landlord liabilities.		* Property disrepair and landlord liabilities.
	* Schedule of dilapidations.		* Schedule of dilapidations.

	[[Category:Case_law]] [[Category:Property_law]]		[[Category:Case_law]] [[Category:Property_law]]

Editor: Created page with "The case of Newbigin (Valuation Officer) v SJ &J Monk (a firm) (2017) concerned the issues of business rates and 'reasonable repair'. The dispute between a property owner an..."

2017-04-05T14:40:55Z

Created page with "The case of Newbigin (Valuation Officer) v SJ &J Monk (a firm) (2017) concerned the issues of business rates and 'reasonable repair'. The dispute between a property owner an..."

New page

The case of Newbigin (Valuation Officer) v SJ &J Monk (a firm) (2017) concerned the issues of business rates and 'reasonable repair'.

The dispute between a property owner and the local rating office confirmed the principle that if a property is not in a reasonable state of repair, it is to be valued as it is, not as it ‘should be’, or as the Supreme Court put it:

'Does a commercial building which is in the course of redevelopment have to be valued for the purposes of rating as if it were still a useable office?'

The property concerned was an office building which was in the course of being renovated. When the rateable value was being assessed in January 2012, the premises were vacant and a great deal of the flooring, ceilings, lighting and other fittings had been removed.

The owners' agent suggested to the local valuation officer (LVO) that the rateable value should be reduced from £102,000 to £1, because the premises could not be occupied. The LVO refused, citing legislation which required the LVO to assume a property is in 'reasonable repair' for valuation purposes.

The dispute matter was referred to the Valuation Tribunal, which sided with the property owner, holding that the condition of the building precluded the conclusion that it was in reasonable repair.

In considering the arguments, the Court gave weight to the 'reality principle', which establishes that 'the property must be valued as it exists at the relevant date'. Accordingly, the presumption that it was in reasonable repair could not stand.

The decision overturned a decision by the Court of Appeal which had cast doubt on the applicability of the ‘reality principle’. It will come as a considerable relief to property developers who are refurbishing properties.

--[[User:Rex_Cowell_Solicitors|Rex Cowell Solicitors]]

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Business rates.
* Lease Negotiations - Tenants Checklist.
* Leasehold covenants.
* Property disrepair and landlord liabilities.
* Schedule of dilapidations.

[[Category:Case_law]] [[Category:Property_law]]