Valuation of intermediate leasehold interest when underlease extended (Whitehall Court London Ltd v Crown Estate Commissioners)

Table of contents

• What are the practical implications of the judgment?
• What was the background?
• What did the Court of Appeal decide?

Article summary

Property analysis: Cecily Crampin, barrister at Falcon Chambers, examines the Court of Appeal’s confirmation of the Upper Tribunal’s (UT) decision on how a premium paid by an underlessee to extend the underlease should be apportioned between the respondent freeholder and the appellant intermediate leaseholder.