LTA 54 - Calculating compensation when property not rated

Paul-59

Business Member
Dec 8, 2024
27
5
Hi all
I have been asked to vacate some farm units which (arguably) fall under the Landlord & Tenant Act 1954.

Under the act I am (arguably) entitled to compensation - based on the rateable value of the property.

The properties have never been rated for non-domestic rates - no 'rateable value' has been established.

I am sure I read that in the absence of a rateable value the market rent would be used.

Could anyone confirm my thinking and perhaps point out some case law or similar?

Regards

Paul
 

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