Virtual reality – rating valuations based on imaginary tenants

Kate Andrews, Head of Real Estate Disputes, discusses the recent case of Telereal Trillium v Hewitt in August's Lexis Nexis property newsletter.

The Supreme Court judgment will be interesting for all those involved in non-domestic rating valuations, as it involves the valuation of an unoccupied property in a saturated market. The decision will not be welcome news for those who own vacant, hard-to-let buildings and they should consider other options to legitimately mitigate their rates liability.