Correction Certificate for Residential Property Valuation Error
📌 In brief
In this case, the First-tier Tribunal issued a correction certificate to fix a mistake in a valuation decision for a residential property. The correction addressed a clerical error in the original decision's calculations.
⚖️ Legal holding
A correction certificate may be issued to correct clerical errors in a tribunal decision.
📖 Technical summary
The Tribunal corrected a valuation error in a residential property case.
📜 Headnote Official document
The Tribunal issued a correction certificate to amend a clerical error in a valuation decision for a residential property. The correction adjusted the freehold value and subsequent calculations.
📚 Full judgment Official document
OUTCOME: Allowed
© CROWN COPYRIGHT 2021
FIRST-TIER TRIBUNAL PROPERTY CHAMBER (RESIDENTIAL PROPERTY)
Case Reference
:
CHI/29UP/OLR/2021/0044
Property
: 1 [ADDRESS] [POSTCODE]
Applicant: [redacted]
:
[APPELLANT]
Respondent: [redacted]
:
[RESPONDENT] [NAME] of Application
:
Correction certificate
Tribunal Member(s)
:
Mr I R Perry BSc (Est Man) FRICS Mr M J F Donaldson FRICS MCIArb MAE
Date and venue of hearing
:
14th July 2021 by CVP Video platform
Date of Decision
:
27th July 2021
Date of Correction : 2nd August 2021
DECISION
CHI/29UP/OLR/2021/0044
2
I hereby certify that, under rule 50 of the Tribunal Procedure (First-tier Tribunal) (Property Chamber) Rules 2013, due to a clerical error, accidental slip or omission, the following correction should be made to the Tribunal decision dated 27th July 2021.
Decision
The Tribunal determines a value of £15,810 (Fifteen Thousand Eight Hundred and Ten Pounds) for the extended lease of the subject property at a peppercorn rent.
Paragraph 48
The freehold value is amended from £140,000 to £141,414. Using the relativity rate of 81.77% the short lease value is amended from £114,178 to £115,634 which the Tribunal uses in its calculation.
Paragraph 56
The Existing lease value becomes £115,634.
Determination
Calculation Sheet
The revised calculation sheet, amendments in bold.
1 [ADDRESS], [POSTCODE] Lease 99 years from 1st January 1987
1. Diminution in Value of Landlord’s Interest per Schedule 13(3) (a) Value before grant of new lease:
Term 1
Ground Rent £100
Years Purchase 32.22 yrs at 7.5% 12.0363 £1,204
Term 2
Ground Rent £150
Years Purchase 33 years at 7.5% 12.1074
Present Value £1 in 32.22 yrs at 7.5% 0.0973 £177
CHI/29UP/OLR/2021/0044
3 plus Reversion
Freehold value £141,414
Present Value £1 in 65.22 yrs at 5% 0.0415
£5,868
less Freehold value: £141,414 Present Value £1 in 155.22 yrs at 5% 0.0005 (£73)
Present Value of landlord’s interest £7,176 £7,176
Landlord’s Share of Marriage Value per Schedule 13(4)
(i) Value of Tenant’s interest with extended lease £140,000
(ii) Value of Landlord’s interest after new lease £73 £140,073 Less
(i) Value of Tenant’s interest
before new lease, 81.77% of
Freehold vacant
possession £141,414 £115,634
(ii) Value of Landlord’s interest
Before new lease £7,176 £122,810
Total Marriage Value
£17,263
Landlord’s share 50% £8,632 £8,632
Compensation payable to the Landlord £15,808
Say £15,810
📊 How courts decide similar cases
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A snapshot of this collection — not a prediction of your case's outcome.
⚖️ What tends to weigh in cases like this
✅ Tends to be accepted
- The request for a correction certificate is granted when it aims to correct clerical errors in a tribunal decision.
- Tribunals often allow requests when they align with statutory entitlements and procedural rules.
- Dispensation from consultation requirements is allowed if the works are deemed urgent and necessary.
- Entitlement to various rights, such as management of property or rent repayment orders, is granted when statutory requirements are met.
❌ Tends to be rejected
- (No applicable factors listed in provided cases)
Patterns observed in similar cases in this collection — every case is unique.
❓ Frequently asked questions
What did this decision decide?
It decided to correct a clerical error in a valuation decision for a residential property.
Who was involved?
The claimant and the respondent were involved in this case.
How did the court decide, and why?
The court decided to issue a correction certificate because there was a clerical error in the original valuation decision.
Which laws or rules were applied?
No specific laws or rules were mentioned in this correction.
What was the argument that mattered most?
The argument that mattered most was the presence of a clerical error in the original valuation decision.
Was the decision for or against the person who brought the case?
The decision was in favour of the person who brought the case.
What does this mean for someone in a similar situation?
Someone in a similar situation can request a correction certificate if they find a clerical error in their valuation decision.
What evidence or documents mattered?
The evidence of a clerical error in the original valuation decision was crucial.
Can a decision like this be appealed?
Decisions like this can typically be appealed to a higher court.
Is it worth getting a solicitor for a case like this?
It is always recommended to seek advice from a qualified solicitor for such cases.