Relativity calculation

[Alpinestars]

Hi, this is my first post and I am looking for some advice.

I have served a S24 notice to buy the freehold of my property. Current unexpired term is 74 years. I have exchanged valuations with the landlord and the 2 points we differ on is valuation of the property and relativity.
The way negotiations have gone so far I think it will go to tribunal.

The landlord has used a relativity of 93.5% being the average of the last 10 or so decisions at LVT for 70 to 80 year leases. I thought this was poor evidence in the view of the LVT? Can't remember the case name.

I have used a relativity of 94.5% which is based on a RICS graph which was produced based on the sale of over 1,000 properties in a similar geographical location to my property. I assume this is better evidence?

Thanks in advance.

[sgclacy]

If you are at 94.5 and the landlord is at 93.5 surely both parties can resolve this dilema. Remember that both parties bear their own costs at the Tribunal, leaving aside the costs there is also your time to consider

[Alpinestars]

That's a very fair point, but I have a complete so and so of a landlord. I offered £20k intially which I have upped to £24.5k after getting valuations etc, he started at £250k!!! and waited for me to send valuations to him despite directions from the LVT setting out an "exchange" date. He then used my numbers and upped the valuation and reduced the relativity to get to a number he wanted. Basically added £75k per flat to the my third party valuation and used a different relativity as set out in my note. I have made a reasonable offer over and above my independent calculation, but he wants more. I am now at the stage that I would rather pay my lawyers than him.