Leasehold Valuation definition
Examples of Leasehold Valuation in a sentence
If you believe that your service charge is unreasonable (in terms of the amount charged or standard of work) you may be able to apply to the Leasehold Valuation Tribunal for a decision as to what is reasonable.
It is the intent of the Members that the TWC OpCo Shortfall shall be paid to the TWC Member as a portion of the purchase price and in addition to amounts distributed to TWC Member pursuant to Section 5.1.2 based upon the Leasehold Valuation.
If neither Member timely objects to the Leasehold Valuation provided by the other Member, the Leasehold Valuation will be the average of the two (2) Leasehold Valuations.
If the Leasehold Valuations differ, the Condor Member and TWC Member will have fifteen (15) days after delivery of the second Leasehold Valuation to object to the Leasehold Valuation provided by the other Member.
The JMC may make decisions with respect to any subject matter that is subject to the JMC's decision-making authority and functions as set forth in Section 2.5(b).
The TWC Member shall have thirty (30) days after receipt of the notice of intent and Leasehold Valuation to deliver notice to the Condor Member objecting to the Leasehold Valuation and providing a Leasehold Valuation on a going concern value basis from a Qualified Broker.
If the Condor Member does not elect to exercise the Option within the 30 day period, the Option shall remain in effect, but in order to exercise it, the Condor Member will have to give a new notice of intent accompanied by a current Leasehold Valuation, if the purchase price will be determined under this Section 13.5.2(b).
Any difference between the Buy-Out Price and the Sell-Out Price shall be based solely on the distributions the Members would be entitled to receive pursuant to Section 11.4 as if the LLC were liquidating or dissolving and the Property was sold free and clear of all liabilities secured by the leasehold interest in the Property (other than the Loan) at a price equal to the Leasehold Valuation.
Immediately following completion of the Development when the Affordable Dwelling is fit for occupation the Owner shall write to the Authority requesting that the Authority instruct the District Valuer to prepare a Valuation Report to provide (a) a Freehold Valuation or where appropriate a Leasehold Valuation and (b) an Approved Selling Price in the case of a freehold and (c) an Open Market Rental valuation in respect of any letting.