Skip to main content
Mobile
  • Finance, Accounting & Economics
  • Global Business Management
  • Management, Leadership & Organisation
  • Marketing & Sales
  • Strategy
  • Technology & Operations
HS Talks HS Talks
Subjects  
Search
  • Notifications
    Notifications

    No current notifications.

  • User
    Welcome Guest
    You have Limited Access The Business & Management Collection
    Login
    Get Assistance
    Login
    Forgot your password?
    Login via your organisation
    Login via Organisation
    Get Assistance
Finance, Accounting & Economics
Global Business Management
Management, Leadership & Organisation
Marketing & Sales
Strategy
Technology & Operations
You currently don't have access to this journal. Request access now.
Practice paper

Diminution valuations for building surveyors

David Gilbert
Journal of Building Survey, Appraisal & Valuation, 2 (2), 99-106 (2013)
https://doi.org/10.69554/UJOW3374

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.

Keywords: diminution valuation; Section 18; supersession; valuer; protocol

The full article is available to subscribers to the journal.

Already a subscriber? Login or review other options.

Author's Biography

David Gilbert BSc Hons Dip Arb FRICS FCIArb IRRV is National Head of Professional Standards and Practice in Lambert Smith Hampton. He has 39 years’ experience as a valuer and lease advisory specialist. He has lectured extensively on valuation, lease advisory and dispute resolution topics. He has published papers on related subjects in The Journal of Building Survey Appraisal and Valuation, Estates Gazette, Journal of Property Investment and Finance. Now dealing largely with regulatory matters he continues to provide strategic and consultancy advice in a valuation or lease advisory capacity.

Citation

Gilbert, David (2013, June 1). Diminution valuations for building surveyors. In the Journal of Building Survey, Appraisal & Valuation, Volume 2, Issue 2. https://doi.org/10.69554/UJOW3374.

Options

  • Download PDF
  • Share this page
    Share This Article
    Messaging
    • Outlook
    • Gmail
    • Yahoo!
    • WhatsApp
    Social
    • Facebook
    • X
    • LinkedIn
    • VKontakte
    Permalink
cover image, Journal of Building Survey, Appraisal & Valuation
Journal of Building Survey, Appraisal & Valuation
Volume 2 / Issue 2
© Henry Stewart
Publications LLP

The Business & Management Collection

  • ISSN: 2059-7177
  • Contact Us
  • Request Free Trial
  • Recommend to Your Librarian
  • Subscription Information
  • Match Content
  • Share This Collection
  • Embed Options
  • View Quick Start Guide
  • Accessibility

Categories

  • Finance, Accounting & Economics
  • Global Business Management
  • Management, Leadership & Organisation
  • Marketing & Sales
  • Strategy
  • Technology & Operations

Librarian Information

  • General Information
  • MARC Records
  • Discovery Services
  • Onsite & Offsite Access
  • Federated (Shibboleth) Access
  • Usage Statistics
  • Promotional Materials
  • Testimonials

About Us

  • About HSTalks
  • Editors
  • Contact Information
  • About the Journals

HSTalks Home

Follow Us On:

HS Talks
  • Site Requirements
  • Copyright & Permissions
  • Terms
  • Privacy
  • Sitemap
© Copyright Henry Stewart Talks Ltd

Personal Account Required

To use this function, you need to be signed in with a personal account.

If you already have a personal account, please login here.

Otherwise you may sign up now for a personal account.

HS Talks

Cookies and Privacy

We use cookies, and similar tools, to improve the way this site functions, to track browsing patterns and enable marketing. For more information read our cookie policy and privacy policy.

Cookie Settings

How Cookies Are Used

Cookies are of the following types:

  • Essential to make the site function.
  • Used to analyse and improve visitor experience.

For more information see our Cookie Policy.

Some types of cookies can be disabled by you but doing so may adversely affect functionality. Please see below:

(always on)

If you block these cookies or set alerts in your browser parts of the website will not work.

Cookies that provide enhanced functionality and personalisation. If not allowed functionality may be impaired.

Cookies that count and track visits and on website activity enabling us to organise the website to optimise the experience of users. They may be blocked without immediate adverse effect.