Industry comment, updates and news from the Websters team.

Commentary on the work of LVT

Tuesday, January 19th, 2010 in News, Residential

The Nearly Legal blog has a nice year end post about the volume and type of work undertaken by the Residential Property Services Tribunal or LVT

It compares firstly Service Charge s.27A applications with Enfranchisement applications and for the first time since 2006 there are more service charge applications (nearly 3000) than enfranchisements (just over 2000)

Francis Davey, the author, puts this down to

I would like to think that better publicity of the service charge jurisdiction has pushed s.27A applications higher, but that may also be due to increasing financial straights in which leaseholders find themselves and a concomitant reluctance to pay anything that is not strictly required.

His second chart relates to determinations about Fair Rent and Market Rents and the former vastly outstrips the latter by around two to one each year since 2006.

Nice summary, thanks Francis.

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