Leasehold Valuation Tribunal
What does the Leasehold Valuation Tribunal (LVT) do?
The LVT is part of the Residential Property
Tribunal Service (RPTS). They act as an independent arbitrator to
decide whether service charges are reasonable. The tribunal can
help with the disagreements about:
- insuring the building
- how much you are being asked to pay for service charges
- the quality of services you have received.
At the tribunal, a panel of three people, normally a lawyer,
valuer and a layperson, will hear the case. It usually includes an
inspection of the property and can take one or two days. Following
the hearing, the tribunal will send out its written decision to the
company and the leaseholder. The decision will either change the
amount the leaseholder has to pay, by more or less, or will agree
with the company’s charges or valuations.
What will a tribunal cost?
Initially, there is an application fee, which
can vary between £300 and £500. The LVT doesn’t have the power to
award costs, so if you decide to employ professionals such as
surveyors or solicitors to help your case, you will have to cover
the cost of their bills yourself. You can find out more about
Leasehold Valuation Tribunals at www.lease-advice.org.uk
and at www.rpts.gov.uk.
Contacting the Residential Property Tribunal Service
(RPTS)
1st Floor
5 New York Street
Piccadilly
Manchester
M1 4JB
Tel: 0845 100 2614