The Valuation of Minor Intermediate Leasehold Interests (England) Regulations 2017
These Regulations prescribe the formulas to be applied when calculating the price payable for a minor superior tenancy (as defined in paragraph 7A(2) of Schedule 1 to the Leasehold Reform Act 1967) or the value of a minor intermediate leasehold interest (the term “minor intermediate lease” is defined in paragraph 7(3) of Schedule 6, and paragraph 8(3) of Schedule 13, to the Leasehold Reform, Housing and Urban Development Act 1993).