Prospective

Schedules

Schedule 4 E+W Determining and sharing the market value

Part 5 E+W The standard valuation method

Introduction E+W

24 (1) This Part of this Schedule sets out the standard valuation method.

(2) The standard valuation method consists of steps 1 to 3 (see paragraph 25, paragraph 27 or 28, and paragraph 29).

(3) There are two versions of step 2—

(a) the version in paragraph 27 applies to freehold enfranchisements;

(b) the version in paragraph 28 applies to lease extensions.

Commencement Information

I1 Sch. 4 para. 24 not in force at Royal Assent, see s. 124(3)