IDEAS home Printed from https://ideas.repec.org/a/aza/jbsav0/y2013v2i2p99-106.html
   My bibliography  Save this article

Diminution valuations for building surveyors

Author

Listed:
  • Gilbert, David

Abstract

This article arises out of a paper given at the RICS Dilapidations Conference 2012, updated to reflect recent case law. It considers damages for breach of the repairing obligations under a lease. Their assessment requires careful consideration of the cost of works, and the diminution in the value of the landlord's reversionary interest, if any. Notwithstanding this point, it is the author's experience that the interrelation of the two are not always understood by building surveyors when advising their clients at the outset of a dilapidations dispute. The author calls on his experience of dealing with diminution valuations to help the building surveying team to a better understanding of the valuation process and the role of the valuer. This includes an explanation of why establishing the cost of remedying the breaches is important at the outset. Guidance is also given on how the building surveying team can assist the valuer and ensure more accurate assessment of the value of the landlord's reversionary interest.

Suggested Citation

  • Gilbert, David, 2013. "Diminution valuations for building surveyors," Journal of Building Survey, Appraisal & Valuation, Henry Stewart Publications, vol. 2(2), pages 99-106, June.
    • Handle: RePEc:aza:jbsav0:y:2013:v:2:i:2:p:99-106
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/3934/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/3934/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    diminution valuation; Section 18; supersession; valuer; protocol;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jbsav0:y:2013:v:2:i:2:p:99-106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.