Leasehold Valuation Tribunals – Wales
Leasehold Valuation Tribunals were set up in Wales, to settle disputes between leaseholders and freeholders over the purchase price of the freehold of a house; the price payable for collective enfranchisement of the freehold of a block of flats; the price payable by a tenant of a lease flat for an extended lease; the terms of acquisition of the freehold; modern ground rents and to consider estate management schemes. Disputes over service charges, the landlord’s choice of insurer and applications to appoint a manager can also be dealt with.
Fees may be payable for some of the applications for a hearing, you should contact the Residential Property Tribunal for details of fees payable.
The Tribunals are independent and impartial. They consist of 3 members:
- a lawyer
- a valuer; and
- a lay person.
The tribunal will hear both sides of the argument. A written determination is issued shortly after the hearing. The determination is final and enforceable, however, appeals can be heard by the Lands Tribunal providing the Leasehold Valuation Tribunal or Lands Tribunal agree.