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Chapter
The Reversion Duty
DOI link for The Reversion Duty
The Reversion Duty book
The Reversion Duty
DOI link for The Reversion Duty
The Reversion Duty book
ABSTRACT
The Saturday Review of May 8, 1909, said: The accretion of value to the ground landlord during a 99 years’ lease has been enormous, especially in London. Saturday Review thinks Reversion Duty reasonable. Instances of hardship to tenants and of the immense windfalls to landlords were given on the Duke of Norfolk’s estates near the Strand, London, and in Sheffield, and the Portman Estate and the Duke of Westminster’s estate in London. The evidence attracted considerable attention, and the daily Press commented on the legal rights of the great ground landlords and the methods adopted by them. In London the reward is given by Landlords to themselves out of the money of incoming Tenants. On May 11, 1909, the site of Old Serjeants’ Inn, occupying an area of 16,600 square feet, off Lane, London, was put up to auction on a 99 years’ building lease.