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| *The Commerce Journal>>>Renting & Real Estate |
Can the Cost Floor Provision figure be contested when buying your council property? |
I have been given the valuation of my council property which I have applied to purchase. They have given me the valuation, the discount price, but also quoted a 'Plus Cost Floor Provision' figure of 拢6k, which is what the council have put in to the property in the form of repairs and improvements. However, surely any improvements made would have only added value to the property. So this means that the property is worth more, yet I'm losing out on the Cost floor deduction, meaning my discount has been reduced by 拢6k. depends how the council do their accounting... |
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