Schedule 4 - Determining and sharing the market value Part 1: Introduction
Paragraph 1 provides that Schedule 4 must be followed when calculating the market value element of the price for any enfranchisement claim (namely, acquiring the freehold of a house, extending the lease of a house, acquiring the freehold of a block of flats or extending the lease of a flat). Paragraph 1 also provides that Schedule 4 sets out how to divide the price into shares where loss is suffered by multiple landlords.