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
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