Flat 48 Miles Buildings, Penfold Place, London, NW1 6RG LON/00BK/F77/2023/0267

FIRST-TIER TRIBUNAL
PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case No LON/00BK/F77/2023/0267
Between
Mr Salah KheariApplicantTenacious Properties Ltd.RespondentMr Salah KheariTenantTenacious Properties Ltd.Landlord
Before
Ian B Holdsworth FRICSRICS Registered Valuer 079475Date 6 November 2023Property: Flat 48 Miles Buildings, Penfold Place, London, NW1 6RG

DECISION

The sum of £216 per week will be registered as the fair rent with effect from, being the date the Tribunal made the Decision. ____________________________________ © CROWN COPYRIGHT 2023 SUMMARY REASONS FIRST - TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY) 2 Background[1]Following an objection from the Tenant to the determination of a fair rent by the Rent Officer, the Tribunal has made a determination under the provisions of the Rent Act 1977. Inspection[2]The Tribunal did inspect the property and considered this case on the basis of any papers provided by the parties. Evidence[3]There were written submissions from the tenant. Determination and Valuation[4]Having consideration of our own expert, general knowledge of rental values in the area, we consider that the open market rent for the property in a satisfactory condition would be in the region of £450 per week. From this level of rent we have made adjustments to reflect any tenant improvements, disrepair and obsolescence at the property. Details of the adjustments made are shown in the valuation table below.[5]The Tribunal has also made an adjustment for scarcity.[6]The full rental valuation is shown below:[7]The Tribunal determines a rent of £216 per week after adjustments. Decision[8]The uncapped fair rent initially determined by the Tribunal, for the purposes of section 70, was £216 per week. The capped rent for the property according to the provisions of the Rent Acts (Maximum Fair Rent) Order 1999 is calculated 3 at £259.50 per week. The calculation of the capped rent is shown on the decision form. In this case the lower rent of £216 per week is to be registered as the fair rent for this property. Chairman: Ian B Holdsworth Date: 6 November 2023 APPEAL PROVISIONS You can only appeal this determination if the First-tier Tribunal decision was wrong on one or more points of law and you must say why the First-tier Tribunal was wrong in law. These summary reasons are provided to give the parties an indication as to how the Tribunal made its decision. If either party wishes to appeal this decision, they should first make a request for full reasons and the details of how to appeal will be set out in the full reasons. Any subsequent application for permission to appeal should be made on Form RP PTA