a. Discuss the definition of a hereditament. This should include discussion on whether floors within a building or adjoining buildings should be a single hereditament or more than one hereditament.

APRO712 Valuation and Law

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Question 1

Identify one hereditament with a 2017 Rateable Value of over £55,000 within Greater London but not within the Corporation of the City of London boundary.

  1. a.      Discuss the definition of a hereditament. This should include discussion on whether floors within a building or adjoining buildings should be a single hereditament or more than one hereditament.

 

  1. b.      Calculate the rates which should be payable for this hereditament each year from 2017/8 to 2022/23 and clearly explain your calculations.

 

  1. c.       Estimate your opinion of whether the proposed 2017 Rateable Value is correct or whether there is scope to argue for a reduction. Provide full reasons for this opinion. 

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