17 Valuation Tables · 17.1 Valuation tables

17.1.5 Valuation-table numericals: reversions, deferred values and leasehold interests

A sum or income that arrives later is valued by deferring it with the PV of Re 1; a let freehold is valued as term + reversion, and a lease is valued by capitalising the lessee's profit rent for the unexpired term, usually at a dual-rate YP.

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Key terms

  • reversion
  • reversionary value
  • deferred value
  • deferred YP
  • term and reversion
  • profit rent
  • leasehold interest
  • freehold interest
  • ground rent
  • secured ground rent
  • marriage value
  • PV of Re 1
  • dual rate

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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