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https://londonproperty.co.uk/en/how-to-value-tenants-improvements-for-leasehold-enfranchisement/

Our guest in today's podcast is Thomas Jefferies, an experienced property litigation barrister and an authority on the subject of leasehold enfranchisement.

When it comes to leasehold enfranchisement, not all of the changes done by tenants add to the property, most of them are just repairs. From a valuation point of view, to be legally categorised as an improvement, a change needs to make the property worth more. This can be seen as unfair on the tenants as they pay for all that work, but then have to pay the additional value in all evaluations.

On the topic of Do's and Don'ts, Thomas's advises all tenants to keep all the records of the improvements done during the lease.  For landlords, Thomas recommends an inspection every few years, looking for unauthorised alterations.

Interviewer - Farnaz Fazaipour | Property Investment & Ownership

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